Riordan Business Model Implementation Plan. Introduction Riordan Manufacturing adopts different...
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Transcript of Riordan Business Model Implementation Plan. Introduction Riordan Manufacturing adopts different...
Riordan Business Model Implementation Plan
IntroductionRiordan Manufacturing adopts different steps and processes .
Important factors required to discuss at the time of implementing business model plan.
1. Leadership
2. How to tackle problems and resolve them
3. Cultural aspects
4. Metrics
5. Affect of these factors on the plan
Process Flow stepsSelect location Raw materials selectionAllocation and distribution of materials on particular locationsDetermine cycle time require for each activity
New Bottles with overcapacity
Increase production capacityReduction in costPyramid bottle project to estimate over-capacity of the
new bottles
Leadership SkillsAuthoritative leadershipDistinction between leaders and followersGood leaders make better decisions and plans
Metrics Determine SuccessOn-time delivery performance metricsCalculate delivery timesTrack performance rates through truck, plane and/or
mail freightProcess and procedures reevaluationSustain performanceEnsure complete compliance by repeating the process
Impact on various factors
Opportunity available in MexicoLack of understanding about Mexico infrastructure Increased customer satisfactionBrand recognitionMarket shareCompetitive advantage
Problems And Their Solutions long-term contracts negotiationsManaging the hedge strategyDo forecasting for certain risk Establish plan for uncertain risk
Factors in Organizational success Mexican cultural beliefs Role of technology in organizational success Importance of logistic strategies in e-business
Change with domestic and global trends
Increasing trend of Environment friendly approach
Increased outsourcing
Riordan Manufacturing Supply Chain Flow Chart
ConclusionCycle time of each step involve in the process flow is calculated.For achieving the advantages of integrated company, suitable
pricing, detailed quality control s, open business approach and innovative solutions to problems, Riordan take into consideration the affects on various factors like supply chain, competition and customer satisfaction.
Riordan keeps its focus on ethical aspects of the company for increasing the company future profitability and workforce. RMI employees will become more able to achieve company goals due to more innovative and team oriented environment in organization.
Riordan systems are linked with their employees and RMIs’ system for designing groups and promoting the products.
Riordan is introducing new technology and information system for removing the traditional barriers between suppliers, distributers, manufacturers and customers. The start of e-business will help in vertical integration.
ReferencesSimchi- Levi, D., Kaminski, P., & Simchi-Levi, E. (2008).
Designing and managing the supply chain: Concepts, strategies, and case studies (3rd ed.). Boston: McGraw-Hill/Irwin.