Riordan Overview

Riordian Manufacturing Accounting

Abstract

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Riordian Manufacturing Accounting

Riordan Manufacturing, Inc., the global leader in the field of plastic injection molding. Riordan Manufacturing has facilities in San Jose, California, Albany, Georgia, Pontiac, Michigan, and Hangzhou, China. The company produces plastic bottles, fans of all sizes, heart valves, medical stents and customer plastic parts. Riordan Manufacturing is fully owned by Riordan Industries and has facilities in California, Georgia, Michigan and China. Riordan has 550 employees and generates an excess of $1 billion in revenue and a projected $46 million of annual earnings. Riordan has demonstrated they can be very successful and contend with their competitors as a Fortune 1000 company.

There are a few major economic influences affecting Riordan’s operations and strategy including interest rates, unemployment rate, inflation rate, gross domestic product, consumer confidence and currency exchange rates.

History

Dr. Riordan started Riordan Manufacturing after purchasing a in 1992 when he obtained the venture capital to purchase a fan manufacturing plant in Pontiac, MI. Riordan’s primary plant for making custom plastic parts is the Michigan plant. In 1993 the company also began to produce plastic containers for beverages out of Albany, GA. The most recent the venture for Riordan is its expansion to China as the main manufacturer of fans. Riordan handles all research and development at their corporate headquarters located in San Jose, California. Riordan main customers are automotive parts manufacturers, aircraft manufacturers, the Department of Defense, beverage makers and bottlers, and appliance manufacturers.

Riordan Accounting System

Each Riordan location has separate, customized financial and accounting and those systems are costly and complicated...