Transaction Processing System of Riordan Manufacturing

In: Business and Management

Submitted By Cosmo218
Words 627
Pages 3
Transaction Processing System of Riordan Manufacturing

Transaction Processing System of Riordan Manufacturing Riordan Manufacturing is a global plastics manufacturer who is an industry leader in the field of plastic injection molding. They produce everything plastic from plastic containers, fans, plastic bottles and even heart valves and stents. With the amount of goods being shipped every day a critical information system is the transaction processing system (TPS) to keep track of the inventory in house as well as the products being shipped to the customer. A transaction processing system is one of the most important information systems because it is the building block from which the other systems receive their information. Without a transaction processing system management information systems, decision support systems, and enterprise resource planning, would not have the data needed to analyze to make the correct decisions in their systems. Transaction processing systems are used within a company to monitor and process large amounts of data used on a day to day basis. Companies will use a TPS to when processing orders, purchasing materials, updating inventory and accounts payable and received. After reviewing Riordan’s inventory management, they are using transaction processing system to keep their raw materials updated in the system. At the end of the day the receiving area supervisor will give the log of raw materials and associated shipping documents to the receiving clerk to enter into the inventory system. This system will keep track of all of the materials and inventory available for use in the factory. From there the raw materials are taken out of inventory and the manufacturing staff will complete an inventory usage form to show the amount of materials taken from the inventory. The inventory clerk will then enter the…...

Similar Documents

Separation of Duties at Riordan Manufacturing

...Separation of Duties at Riordan Manufacturing James Shoemaker CMGT 430 August 20, 2012 Bradley Andrews   Separation of Duties at Riordan Manufacturing Identifying and managing risk is a key to the survival of every organization that has more than one or two people involved in the day-to-day activities. Anytime that an organization allows an opportunity for a single user to perform more than one task or function that requires checks and balances the opportunity for loss to the organization exists. The proper management of risk by the organization will at the very least minimize financial losses to the company and in most cases increase profits. A review of the current processed in place at Riordan Manufacturing’s different locations has led to the recommendation that Riordan Manufacturing needs to establish new policies that provide for Separation of duties within the different departments of the organization. By definition, separation of duties is a key concept of internal controls and is the most difficult and sometimes the most costly one to achieve. This objective is achieved by disseminating the tasks and associated privileges for a specific security process among multiple people (Coleman, 2008). Separation of duty, as it relates to security, has two primary objectives. The first is the prevention of conflict of interest, the appearance of conflict of interest, wrongful acts, fraud, abuse, and errors. The second is the detection of control failures that......

Words: 1603 - Pages: 7

Riordan Manufacturing

...Riordan Manufacturing Executive Summary ABCO Consulting thanks the Riordan organization for allowing us to do this upgrade analysis. A review of the existing infrastructure at Riordan has been completed and the findings are contained in this document. There will be a listing of what was found followed by a proposed upgrade system layout. The scope of this project is to cover the following systems and subsystems and to explain how they all interact one with another. Finance & Accounting Identify and describe existing system: Riordan’s Manufacturing’s Accounting Services division is responsible for overseeing all financial processes within the company. Everything from AR, AP, payroll, General Ledger, purchasing, inventory controls, metrics, and employee payroll processing has been managed by team of well-qualified members who have demonstrated utmost professionalism for many years. In addition to these many time-consuming tasks, strict quarterly audits are also conducted throughout the company on a regular basis, most of which have met or exceeded industry standards. Therefore, the issue here the company faces is not one of quality, but rather one of efficiency. To date, many of the systems and procedures in place, while affective, are not as streamline or as consistent as they could be. Still others (e.g. audits), although effective, are taking weeks to complete when most similar operations today can finalize internal audits in a matter of......

Words: 1985 - Pages: 8

Team Project Riordan Manufacturing Business Systems

...existing and needed business systems of Riordan manufacturing (Smith Services Consulting Inc., 2011). The management of Riordan Manufacturing has submitted Service Request SR-rm-012 – Business Systems to have Smith Consulting create a summary of the business systems needed for effective management. Technical Team Bravo will begin with an overview of the current systems that exist in the areas of Finance and Accounting, Payroll and Human Resources, Information Technology, and Sales and Marketing. For each area covered, Technical Team Bravo will describe the business systems and subsystems used, identify who uses them, identify interrelations between business systems and subsystems, and include any noted disparities. Technical Team Bravo will conclude with a summary of suggestions for a systems plan to improve management (Smith Services Consulting Inc., 2011). Accounting Systems Riordan Manufacturing currently has six Enterprise Resource Planning (ERP) and Manufacturing Resource Planning (MRP) systems throughout four locations. These servers are accessed at the local level by 16 clients (PC’s.) The current challenge to management is the disparate systems and inconsistencies with respect to reporting capabilities and collaboration. Management needs to consolidate these systems into one Cloud-Based ERP/MRP solution that can handle real-time inventory management controls, and comprehensive, robust reporting tools. The San Jose office has an ERP and MRP system that handles......

Words: 3356 - Pages: 14

Riordan Manufacturing

...Riordan Manufacturing-Business Systems Review Student Name BSA/310 Riordan Manufacturing-Business Systems Review Mission Riordan Manufacturing is the industry leader in the field of plastic injection molding. Innovative plastic designs are Riordan's specialty used in the manufacture of medical stents, heart valves, fans, plastic bottles, and other custom parts. One of the fastest growing organizations in its field, Riordan Manufacturing is a for profit organization with annual earnings of up to $46 million. Full potential of growth and profit generation for Riordan Manufacturing is not being achieved. The focus for the company's future and their mission statement is "achieving and maintaining reasonable profitability to assure that the financial and human capital is available for sustained growth. By assuring that our employees are well informed and properly supported, we will provide a climate focused on the long term viability of our company. And we will strive to be a solution provider for our customers and not be a part of our customer's challenges." There is room for improvement in all successful companies, including Riordan Manufacturing. To reach its full potential of generating profit, and to grow as an organization, there is a need for improvements to all business systems in all departments. Description Finance and Accounting All financial transactions for the company are the responsibility of the Financial and Accounting Department of Riordan......

Words: 664 - Pages: 3

Analyze Riordan Manufacturing Hr System

...Request SR-rm-004 Part 1 Analyze Riordan Manufacturing HR System Introduction Riordan Manufacturing is a global leader in plastics manufacturing market. The company has facilities in Albany, Georgia, Pontiac, Michigan, Hangzhou, China and San José, California. Riordan’s projected annual earnings are approximately $46 billion. The company began operations in 1992 with the company’s first functional Human Resources Information System. The current system is part of the financial systems package that tracks employee information. Recent analysis of the current HRIS has provided evidence indicating the system needs upgrading in order meet Riordan’s developing needs. To remain viable Riordan plans to update the current HRIS system with a more sophisticated HR system. The use of modern technology will be used to incorporate a variety of tools into a single integrated application. Plan The intent of this report will focus on Riordan’s current HRIS problems by developing a strategic plan for implementing a more advanced system. “The primary objective of the analysis phase is to understand and document the business needs and the processing requirements of the new system.” (Satzinger, J.W., Jackson, R.B., Burd, S.T., & Johnson, R., para. 26, 2004). Adjustments to Riordan’s HRIS will incorporate changes to the current financial system as well. Currently each location is experiencing problems with their financial and accounting system; thus, the problem stems from......

Words: 871 - Pages: 4

Riordan Manufacturing

...Riordan Manufacturing Wayne D. Lewis, Kylie Guillotte, Michael Schuldaski, Robert Phelps University of Phoenix Riordan Manufacturing Riordan Manufacturing owned by Riordan Industries is a Fortune 1000 company and a world leader in using polymer materials to provide solutions to major businesses in the automotive parts manufacturing industry, aircraft manufacturing and the Department of Defense. Riordan Manufacturing is dedicated to being a leader in research and development (R&D) while setting the trends within the industry by the hiring and training of qualified personnel focused on creating a strong long term relationships with customers by providing solutions that meet their needs. This focus must be maintained to ensure the success, profitability and continued growth of Riordan Manufacturing as an industry leader. Riordan Manufacturing corporate headquarters is in San Jose, California with plants in Albany, Georgia, Pontiac, Michigan and Hangzhou, China. The company acquired several of its assets through planned expansions and acquisitions. This growth has left Riordan Manufacturing with three separate operating organizations in Georgia, Michigan and California. There is also a joint project with the People’s Republic of China managed of the Hangzhou facility with its own operational and financial concerns. Each organization operates on different finance and accounting. This is one of the challenges Riordan Manufacturing faces with the financial and accounting......

Words: 4363 - Pages: 18

Riordan Manufacturing Hr System Part 2

...any business. Riordan Manufacturing must define objectives prior to choosing and designing their system. Once the objectives have been identify then the design process can start. With the equipment needs, implementation requirements, and workflow clearly understood these are describe in more detail in order to design the appropriate system. The designing itself is accomplished after many interviews in order to capture the real needs, by using flowcharts, scale models, and even some process simulation software (Dennis, Wixom, & Ruth, 2012). A client server architecture services would be beneficial for Riordan being that this nonfunctional requirement could have more benefits than a server based or client server. There are four major benefits in a client server; scalability, adaptable support, reliable networking and separation of logic: a) Scalability adjusts storage and processing within the server b) Adaptable support is the ability to support different client and servers. The server can also separate logic’s without changing any other data. c) Reliable networking allows the server to maintain the network in case of any errors or application crashes d) Separation of logic facilitates reasoning (Dennis, Wixom, & Ruth, 2012) Security controls Security in a company’s information system is in today’s market is the number one priority. In order to keep Riordan Manufacturing safe from outside malicious and strange activities the system needs......

Words: 797 - Pages: 4

Riordan Manufacturing Business System Proposal

...Riordan Manufacturing Business System Proposal Paul Belanger, Aaron Ledger, Dacia Faulk, Ian Westerfield, Jennifer Gallaway University of Phoenix Introduction Being the industry leader in polymer materials and per our mission statement, Riordan Manufacturing must remain in step with industry trends. In order to effectively attain this objective, we must acclimatize, embrace, and take advantage of new and innovative technologies. In addition to identifying existing systems employed within the company that are in need of upgrades, the remainder of this paper will also address new systems as well as sub-systems needed and present a brief summary of why these systems would be advantageous to the future of Riordan Manufacturing. Finance and Accounting Overview Riordan manufacturing employs nine basic finance and accounting subsystems globally and three additional subsystems at the San Jose, California corporate headquarters. The atmosphere of interoperability between each of Riordan’s offices (California, Georgia, Michigan, and China) is at best hostile. At present, each operating entity has its own finance and accounting system resulting in a number of inefficiencies due to company-wide systems incompatibility, a lot of which stems from the Michigan and Georgia acquisition. To better establish potential interoperability between existing subsystems, it is first necessary to define the current subsystems of each Riordan office, existing software solutions, and how......

Words: 2472 - Pages: 10

Riordan Manufacturing Accounting System

...Riordan Manufacturing Accounting System Kim Mapes Darren Buchanan Stephen Settles Daniel Allen Mahendra Gossai BSA 500 – Business Systems I University of Phoenix Instgructor: Lise Hautzinger June 24, 2007 Riordan Manufacturing Accounting System Integration of software system for Riordan Manufacturing is necessary in producing accurate and up to date information, which will be available to all necessary people. This paper will discuss the integration of Riordan’s software as well as the effects integration will have on key accounting systems. Importance of Integrating Software Integration of software for Riordan Manufacturing has tremendous benefits. Benefits include accurate and error free payroll, accurate expense tracking for new products, projects, time, and operations, accurate and reduced inventories, detailed billing, collections, accounts receivable, accounts payable, and electronically generated entries into the general ledger. As orders are received they are input into the system. Each item ordered has its own distinct part number associated with it. As soon as production begins inventories used to make the product are removed from the system. The removal of raw material needed to produce the product will result in a more accurate real-time inventory. As production is completed information pertaining to payroll will be delivered through electronic entries of completed production. These entries will generate automated invoices, which in turn...

Words: 1458 - Pages: 6

Riordan Manufacturing Systems

...Riordan Manufacturing Systems BSA/375 October 6, 2014 Riordan Manufacturing Systems Hugh McCauley, COO, has submitted a service request for the Human Resources (HR) department to integrate the department's current systems into one integrated application. Mr. McCauley is the main point of contact for this project. The systems analyst has reviewed the service request and studied a listing of what systems are currently in place. Using the Software Development Life Cycle (SDLC) methodology, the analyst should complete the request within the six month time frame requested by Mr. McCauley. Completing this request on time will allow the HR department to use the new system by the second quarter of the next year (University of Phoenix, 2011). Project Overview The current system is linked to a financial systems package that only keeps track of employee information. Many of the sub-systems were created and are run by individuals such as managers or data entry clerks. Currently, there are seven different sub-systems operating within the HR department. All but one sub-system is run internally by Riordan personnel. Workers' Compensation is outsourced to a third-party provider, which uses its system and keeps its records. The sub-systems use different methods of collecting and viewing data. The common thread seems to be the use of Excel. Hard copy files are stored in random locations such as locked files in offices or a central storage area. There is little consistency......

Words: 3308 - Pages: 14

Bsa 310 Riordan Manufacturing Business Systems Overview

...BSA 310 Riordan Manufacturing Business Systems Overview Get Tutorial by Clicking on the link below or Copy Paste Link in Your Browser For More Courses and Exams use this form ( ) Feel Free to Search your Class through Our Product Categories or From Our Search Bar ( ) Riordan Manufacturing Business Systems Overview Learning Team C University of Phoenix – Online Table of Contents Abstract Page 3-4 Introduction 5 Purpose 5 Background 5 Discussion 6 Finance and Accounting 6-8 Human resources information system 9-11 Information Systems ......

Words: 4721 - Pages: 19

Riordan Manufacturing Business Systems

...Riordan Manufacturing Business Systems Adam Estes Dhara Trivedi Joy Jeffries Shawn Parent Sonya De La Paz July 11, 2011 Introduction Riordan Manufacturing, Inc. is a company that specializes in plastic injection modeling. Their products range from plastic bottles all the way to plastic medical supplies, like heart valves and stents. They are completely owned by Riordan Industries. They began as an R&D (research and development) company called Riordan Plastics, Inc. in 1991, but developed into a manufacturing company when the founder, Dr. Riordan, purchased a fan manufacturing plant located in Missouri in 1992. The name was then changed to Riordan Manufacturing, Inc. After producing quality fans for a year, he expanded the product lineup to include plastic beverage containers after investing in another plant located in Georgia. In 2000, the company expanded to China, where fans were going to be produced from there on out. The plant in Missouri became the place of custom plastic parts production. Their mission statement is a combination of their focus, customer relationships, employees, and what they expect to achieve in the future. Well thought out, they are concerned with maintaining good customer relations by providing clients with top quality products and being the solution, not the problem. In order to give their clients the best in customer service, they have to make sure that their employees are well informed and trained to the standards that the......

Words: 3315 - Pages: 14

Riordan Manufacturing

...College of Information Systems & Technology BSA/375 Version 13 Fundamentals of Business Systems Development Service Request SR-rm-022, Part 2 Application Architecture and Process Design I think when dealing with application architecture and process design you will need to define the interface between the businesses along with the technical view for information systems. The most important part of the process is important in order to build a consistent application through System Development Life Cycle phases. In the following table, I have depicted the application architecture and process design for Riordan Manufacturing: Riordan Manufacturing Operational Requirements Since Riordan Manufacturing requires portability, thin client-server architecture must be used because it is easier to write HTML5 standards for this type of server. Then the system can conduct transactions via the internet through employees’ browser. Integration of the updated HR system with the existent software is a must. To meet system requirements for integration with employee desktop computers Riordan should us client server architecture. Riordan Manufacturing Performance Requirements Riordan Manufacturing is looking for a high tech system, one that can handle its Human Resources payload, forms, and documents. To meet system performance requirements this is why Riordan has chosen client-server architecture. The client-server architecture will allow better integration of hardware, and will......

Words: 650 - Pages: 3

Riordan Manufacturing Hr System Analysis

...RIORDAN MANUFACTURING HR SYSTEM ANALYSIS BSA/375 UNIVERSITY OF PHOENIX ONLINE INTRODUCTION Originating in 1992 Riordan manufacturing is a worldwide leader in manufactured plastics. Founded by Dr. Riordan, a chemistry teacher, they currently operate out of four facilities: Hangzhou, Pontiac, Albany, and San Jose. They are a fortune 1000 Enterprise whose revenue exceeds 1 Billion dollars. Their major clients include: The Department Of Defense, automotive parts manufacturers, aircraft manufacturers, and appliance manufacturers to name a few. The system we will be analyzing is their first Human Resources Information System (HRIS), which was implemented in 1992. It is integrated into the company's financial system, use for keeping record of employee's data. That data includes: - Personal Information - Hire date - Pay Rate - Vacation Hours - Tax information - Date of Seniority - Organizational Information They plan on updating the current system with a newer, more efficient HR system. The HR integration project has already been approved, and they are awaiting a detailed project plan. this plan is to include the following: budget, tasks, resources, and schedule. There has been a six month deadline set in place for project completion. This will allow the company to begin using the new system, no later than the second quarter of the year. KEY STAKEHOLDERS In gathering information for the project, the following stakeholders have been identified as......

Words: 952 - Pages: 4

Riordan Manufacturing

...Running head: RIORDAN MANUFACTURING Riordan Manufacturing BSA375 Ed Odjaghian July 16, 2012 Abstract Riordan Manufacturing Chief Operating Officer, Hugh McCauley, has hired Butner Consulting to integrate all existing Human Resource tools into a single integrated application for all Riordan Manufacturing locations. Riordan Manufacturing wants to take advantage of a more sophisticated, state-of-the art, information systems technology in their Human Resources department ("Service Request Riordan Manufacturing", 2011). Butner Consulting will be responsible for defining the business requirements for the development of the HR system to support the objective of this request. Butner consulting will create a detailed system design and project implementation plan required to complete this project. This project is expected to be completed within six months so the new system can be utilized in the second quarter of next year ("Service Request Riordan Manufacturing", 2011). Stakeholders During this System Development Life Cycle the first phase is “analysis.” Analysis involves detailing the business requirements for the project and what is expected. This stage places a great deal of emphasis upon stakeholder involvement in drafting, reviewing and approving the requirements. These requirements are prioritized in discussion amongst stakeholders so that critical success factors can be defined. Stakeholder involvement is essential to work towards success and satisfactory...

Words: 3201 - Pages: 13