To stop this chain of events, management needs to identify the key issues that the company is experiencing in each sector and implement changes that will reflect the future goals of the company.
Gap Analysis: Riordan Manufacturing Essay - Gap Analysis: Riordan Manufacturing Riordan Manufacturing, a leader in producing plastics, is confronting a number of human capital challenges.
The challenges are disrupting the work environment, which ultimately affects the bottom line of the company. In order to weather this storm, the company needs to identify these issues and convert them into opportunities.
The executive team also needs to understand the major players who are being affected by these changes. After understanding the issues, opportunities, and major players, the executive team will create their end state vision to help serve as a roadmap to better define their end state goals When an employee is motivated, his or her needs are being met.
When an employee is unmotivated, his or her needs are not being met which results in a high employee attrition rate. Riordan Manufacturing is experiencing a high attrition rate.
Riordan Manufacturing has 3 plants and employs Gap analysis riodoran These work processes will determine the behaviors and roles the organization desires from the workforce How can a general manager embrace the courage of employees to continue to bring strengthen to the workplace quotidian responsibilities.
Within Human Capital Management, directors can align employees with their skill sets.
Riordan Manufacturing is faced with employee challenges that appear to employees to be without motivation, compensation, reward or recognition Recently however, declining sales and uneven profits have forced Riordan to make several strategic changes in the way it manufactures and markets its products, and management is working to address motivational issues within its workforce University of Phoenix, In performing an employee survey this decrease in retention has been attributed to a decrease in overall job satisfaction, specifically in the areas of compensation and benefits.
Riordan's current rewards program is not based on performance, but instead recognizes aspects, such as cost-of-living increases, seniority, and position despite recent performance data identifying most of its employees as mid-tier performers and a small group that is not performing well at all Recently, Riordan made several strategic changes in the way it manufactures and markets its products.
Because of declining sales and uneven profits over the past two years, Riordan adopted a customer-relationship management CRM system Riordan is based in the United States, with an expansion manufacturing plant in China.
The Chinese plant produces fans. Team A will review the manufacturing process of the fans in China, and discuss a more efficient plan for a new Inventory management system, Mass customization, Lean Production and methods for Strategic planning.
Inventory Management Riordan currently uses a system which requires Inventory staff to write down raw materials as they are received All of the plant locations have different kinds of Finance and accounting systems, which may be the main reason Riordan Manufacturing has a hard time maintaining the data received.Running head: GAP ANALYSIS: RIORDAN Gap Analysis: Riordan University of Phoenix Gap Analysis: Riordan Riodoran has entered the global market.
Its new plant in China is evidence, they are using researching resources, markets, and customer needs to remain competitive. Gap Analysis: Riordan Riodoran has entered the global market.
Its new plant in China is evidence, they are using researching resources, markets, and customer needs to remain competitive. Gap Analysis Riordan Manufacturing is currently experiencing a decline in employee retention which could further translate into missing deadlines to complete projects, decreased quality of products and sales, and finally a decrease in customer satisfaction.
Gap Analysis Though Riordan is a Fortune company, that fact has not made the company immune from problems. It is experiencing high employee turnover, declining sales, low morale, barely any incentive pay, and a less than satisfactory salary system.
- Gap Analysis: Riordan Manufacturing Riordan Manufacturing, a Fortune enterprise and global plastics producer, creates custom plastic parts for customers primarily in the automotive industry, aircraft manufacturers, the Department of Defense, bottlers and beverage makers, and appliance manufacturers.
Mar 15, · Gap Analysis: Riordan Riordan Manufacturing is a global plastics manufacturer. The company was founded in by Dr. Michael Riordan, the CEO of the company.
Riordan Manufacturing has its facilities in USA and Hangzhou,China.