Riordan Manufacturing Benchmarking

Running Head: GENERIC BENCHMARKING RIORDAN MANUFACTURING Generic Benchmarking Riordan Manufacturing University of Phoenix Human Capitol developing MBA530 Facilitator: James Pepitone January 10, 2006 Benchmarking Paper Gone be the days when manufacturers could count on price increases to help boost profit margins. Today, manufacturers are set ab bulge out with pressures to flow prices for their goods -- which mean profits must be achieved by means of improvement in the development, production, and delivery of manufactured products. It is not a matter of luck -- nows top companies must out manage and out manufacture their competition. Employees who are satisfied with their jobs are more likely to stay in them, thus increase productivity and retention. Riordan Manufacturing (RM) is a global plastics production company headquartered in San Jose, California with an annual income of $46 million. The plastic production is divided among 3 plants: plastic and beverage containers in Albany, Georgia; utilisation plastic parts in Pontiac, Michigan; and plastic devotee parts in Hangzhou, China. The production plants service many vendors from divers(prenominal) market areas.

The company recently conducted an annual employee survey, which showed a decrease in general job satisfaction, particularly in the areas of requital and benefits. The senior leadership of RM has been faced with a difficult projection of examining the declining moral and work ethic throughout the company. In todays competitive marketplace, companies are seeking ways to improve their overall performance. One such method of improvement, recently adopted by many companies, is benchmarking. Benchmarking is a technique used to evaluate innate business processes. In this analysis, managers determine the firms critical processes and outputs, baseline those processes, then compare the performance of each process against a standard outside the industry. Approach A team was formed comprised of 4... If you sine qua non to get a full essay, order it on our website: Orderessay

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