Sales_Marketing_-_Riordan_9.docx
Sales & Marketing
Home | Marketing Information System | Sales Plan - 2006 | Customer List | Sales Chart - 2005 |
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The firm is attempting to consolidate customer information to deliver better value to the customer. The firm has historical records in many disparate databases, as well as in paper files and microfiche. Below is a listing of information the firm has available to consolidate into a CRM system.
Historical Sales
Riordan has a system to track historical sales. In the past, most sales data was recorded using paper and pencil. In the last few years, the firm has managed the information electronically. Information available includes the following:
· Dates including order, delivery, and payment dates by order.
· Unit and dollar volume of each product including plastic bottles, fans, heart valves, medical stents, and custom plastic parts rolled up to be examined by product group and customer.
· Sales by customer to include price paid, cost, margin, and discount given.
Files of Past Marketing Research, Marketing Plans, and Design Awards
The marketing organization wants to build on past knowledge. As a result, past marketing plans and results from past market research studies are stored in a file cabinet in the marketing department. The firm has a showcase in the lobby to display the various design awards earned. The firm is assessing the possibility of hiring a part-time college student to scan the documents electronically.
Sales Database
The company has 15 – 20 major customers, including a government contract for fans. The firm has 12 minor customers. Each member of the sales force maintains his/her own set of customer records using a variety of tools. Some sales team members use paper and pencil, others sales management software such as Act, and others a hybrid. In order to better understand and anticipate customer needs, the firm is evaluating a new integrated customer management system to accompany the new team selling approach that will be soon rolled out.
Production Records
The production plan maintains records of the number of units produced of each item by shift, which can be rolled up to the product group and year.
Profit and Loss Statements by Item and Group
The marketing department, with the support of the finance and production departments, maintains profit and loss statements, by item and by group.
Marketing Budget
The firm has historical and current annual budget allocations for marketing communications and marketing research.
Marketing Communications activities include:
· Sales force promotions
· Price / volume discounts to key accounts
· Public relations
· Brand development
· Tradeshows, events, and sponsorships
· Customer user group underwriting
· Literature and other collateral material
Marketing Research expenditures include:
· Market size / opportunity studies
· Customer focus groups
· Brand development research
Marketing Budget Anticipated Results
.
The elements of the marketing plan build the course of action for a company.
To help you succeed, we have put together the key components of a successful Marketing Plan.
The elements of the marketing plan build the course of action for a company.
To help you succeed, we have put together the key components of a successful Marketing Plan.
RiteGTM: Your Right Partner to Go GlobalRick Koleta
Empowering High-Growth Enterprises: A Data-Driven Go-to-Market Consultancy, Optimizing GTM Teams and Implementing Sustainable Strategies for Market Proliferation.
RiteGTM specializes in three key areas:
· Embracing a New Buyer Persona or Vertical: RiteGTM guides companies through strategic planning and tailored execution to introduce new buyer personas or break into new verticals.
· Launching a New Product or Service: RiteGTM provides strategic guidance needed to successfully launch new offerings, differentiating them from existing products and maximizing their competitive advantage.
· Expanding into a New Geography: RiteGTM offers insights and strategies to tap into new markets effectively, ensuring success across various geographies.
RiteGTM’s services are built around a comprehensive process designed to take businesses from their current state to a future state of optimized GTM operations. This process includes auditing the present state, persona mapping and messaging, implementing a growth and experimental framework, and choosing between a Product-led Growth Strategy and Implementation or a holistic B2B Demand Generation approach.
If your company needs to submit a Product Marketing Strategy Proposal PowerPoint Presentation Slides look no further. Our researchers have analyzed thousands of proposals on this topic for effectiveness and conversion. Just download our template, add your company data and submit to your client for a positive response. https://bit.ly/3jWOYJD
Sample Summaries of Emily Raine’s Why Should I Be Nice to You.docxagnesdcarey33086
Sample Summaries of Emily Raine’s “Why Should I Be Nice to You”
Sample Summary 1
Most people at some point in their life have worked in the service industry. This particular
industry can be quite satisfying whether it be working in fine dining, as a cocktail waitress, or at a local
diner, but for Emily Raine, who had done all of these things, the only place she ever felt “whipped” was
working as a barista at one of largest specialty coffee chains in the world (358). Raine is bothered by
how the café industry has set up the impersonal server/customer relationship and feels the best way to
solve the issue is be to “be rude” (365). In 2005, Raine expanded in an essay that appeared in the
online journal, Bad Subjects, on her frustration within the service industry and what good service really
means.
Good service in the coffee industry does not require much skill these days. Most people are
usually talking on their cell phone while ordering their daily coffee and pastry while also paying and then
out as fast as they walked into the café probably not even noticing or acknowledging any interaction
with the people serving. The coffee sector has recognized this and has set up the counters as linear
coffee bars that act the same as an assembly line. The workers are trained and assigned specific jobs in
the coffee preparing process, such as taking the order, handling the money, making the drink, to
delivery. This makes the interaction with the customer very limited, mostly just seconds. This is where
Raine feels some of the problem with the customer and server interaction. Although this is the most
effective and efficient way of working, Raine describes productive work as “dreary and repetitive” (359).
Since the 1960’s companies have been branding themselves with the quality of having “good
service” distinguishing them from the rest of the competition. Raines explains that in good service there
is an exchange between two parties: “the ‘we’ that gladly serves and the ‘you’ that happily receives,”
but also a third party, the boss, which is the ultimate decider on exactly what good service will be (360).
Companies in the service industry must market their products on servers’ friendliness; therefore
it is monitored and controlled from the people on top. Raine notes that cafés “layouts and management
styles” help create a cozy atmosphere that plays a factor in good service, but in a way that will not
disrupt the output (361). In Raine’s essay, she gives the example of an employee Starbucks has
branded; “The happy, wholesome perfume-free barista” (361). She points out that the company offers
workers stock options, health insurance, dental plans, as well as other perks of discounts and giveaways,
while also using moving personal accounts from workers who “never deemed corporate America could
care so much” (362). Raines also adds that the company does not give into unionization and although
the company pay.
SAMPLEExecutive Summary The following report is an evalua.docxagnesdcarey33086
SAMPLE:
Executive Summary
The following report is an evaluation of multiple facets of the Uruguayan economy, its overall investment attractiveness, and feasibility of doing business. After conducting research and analysis on the country in areas such as legal frameworks, fiscal policy, trade relations, infrastructure, housing, and monetary policy, Uruguay proves to be an economy of strong opportunity when evaluated against its regional/continental partners, but with significant and pressing challenges that would place the nation lower when considered at a global level. The national government and political system are proven to be stable, offering legal protections and investment frameworks that are comparable to developed economies. As a member of MERCOSUR and independently, Uruguay has ratified trade agreements, particularly with developed nations and Latin America, in a variety of structures, namely goods, services, investment promotion and protection, public procurement, and double taxation avoidance. The country offers valuable exports, and derives its imports significantly from MERCOSUR members in which people, goods, and currency are permitted to move freely. Uruguay has shown strong numbers in growth, particularly GDP and unemployment rate. Having reacted appropriately to an economic and banking crisis in the early 2000s, Uruguay was one of the few countries that was not significantly impacted by the 2008-09 economic crisis. The housing market has also seen considerable growth and looks to continue growing as the level of foreign direct investment in construction increases. Challenges that have limited the country and are foreseeable as continuing to limit Uruguay’s attractiveness include a public banking system that offers limited access to credit, undesired volatility in prime rate lending, seemingly unsustainable fiscal policy, and a lack of coordination in monetary and exchange rate policies. Given the widespread availability and transparency of information on the country and having taken all these factors into consideration, we determine Uruguay to be one of best investment opportunities in terms of a Latin American scope, but as still significantly behind developed economies. A total score of 30.5 points out of a possible 55 was assigned.
Description and Analysis of Each Measured Attribute
A.1 Government Expenditure, Tax System, Rule of Law, and Education System - 2/5; This ranking reflects Uruguay’s controlled government spending and competitive tax rate. The tax free zones are a great way to incentivize companies to operating in Uruguay. However, it does take into account the difficult experiences that corporations undergo in paying taxes. Uruguay benefits from a mature democracy with a stable political system and independent judiciary system. Uruguay has a well-established education system that provides free education and equal access to all students through the university level. However, the socioeconomic gap become.
More Related Content
Similar to Sales_Marketing_-_Riordan_9.docxSales & MarketingHome .docx
RiteGTM: Your Right Partner to Go GlobalRick Koleta
Empowering High-Growth Enterprises: A Data-Driven Go-to-Market Consultancy, Optimizing GTM Teams and Implementing Sustainable Strategies for Market Proliferation.
RiteGTM specializes in three key areas:
· Embracing a New Buyer Persona or Vertical: RiteGTM guides companies through strategic planning and tailored execution to introduce new buyer personas or break into new verticals.
· Launching a New Product or Service: RiteGTM provides strategic guidance needed to successfully launch new offerings, differentiating them from existing products and maximizing their competitive advantage.
· Expanding into a New Geography: RiteGTM offers insights and strategies to tap into new markets effectively, ensuring success across various geographies.
RiteGTM’s services are built around a comprehensive process designed to take businesses from their current state to a future state of optimized GTM operations. This process includes auditing the present state, persona mapping and messaging, implementing a growth and experimental framework, and choosing between a Product-led Growth Strategy and Implementation or a holistic B2B Demand Generation approach.
If your company needs to submit a Product Marketing Strategy Proposal PowerPoint Presentation Slides look no further. Our researchers have analyzed thousands of proposals on this topic for effectiveness and conversion. Just download our template, add your company data and submit to your client for a positive response. https://bit.ly/3jWOYJD
Sample Summaries of Emily Raine’s Why Should I Be Nice to You.docxagnesdcarey33086
Sample Summaries of Emily Raine’s “Why Should I Be Nice to You”
Sample Summary 1
Most people at some point in their life have worked in the service industry. This particular
industry can be quite satisfying whether it be working in fine dining, as a cocktail waitress, or at a local
diner, but for Emily Raine, who had done all of these things, the only place she ever felt “whipped” was
working as a barista at one of largest specialty coffee chains in the world (358). Raine is bothered by
how the café industry has set up the impersonal server/customer relationship and feels the best way to
solve the issue is be to “be rude” (365). In 2005, Raine expanded in an essay that appeared in the
online journal, Bad Subjects, on her frustration within the service industry and what good service really
means.
Good service in the coffee industry does not require much skill these days. Most people are
usually talking on their cell phone while ordering their daily coffee and pastry while also paying and then
out as fast as they walked into the café probably not even noticing or acknowledging any interaction
with the people serving. The coffee sector has recognized this and has set up the counters as linear
coffee bars that act the same as an assembly line. The workers are trained and assigned specific jobs in
the coffee preparing process, such as taking the order, handling the money, making the drink, to
delivery. This makes the interaction with the customer very limited, mostly just seconds. This is where
Raine feels some of the problem with the customer and server interaction. Although this is the most
effective and efficient way of working, Raine describes productive work as “dreary and repetitive” (359).
Since the 1960’s companies have been branding themselves with the quality of having “good
service” distinguishing them from the rest of the competition. Raines explains that in good service there
is an exchange between two parties: “the ‘we’ that gladly serves and the ‘you’ that happily receives,”
but also a third party, the boss, which is the ultimate decider on exactly what good service will be (360).
Companies in the service industry must market their products on servers’ friendliness; therefore
it is monitored and controlled from the people on top. Raine notes that cafés “layouts and management
styles” help create a cozy atmosphere that plays a factor in good service, but in a way that will not
disrupt the output (361). In Raine’s essay, she gives the example of an employee Starbucks has
branded; “The happy, wholesome perfume-free barista” (361). She points out that the company offers
workers stock options, health insurance, dental plans, as well as other perks of discounts and giveaways,
while also using moving personal accounts from workers who “never deemed corporate America could
care so much” (362). Raines also adds that the company does not give into unionization and although
the company pay.
SAMPLEExecutive Summary The following report is an evalua.docxagnesdcarey33086
SAMPLE:
Executive Summary
The following report is an evaluation of multiple facets of the Uruguayan economy, its overall investment attractiveness, and feasibility of doing business. After conducting research and analysis on the country in areas such as legal frameworks, fiscal policy, trade relations, infrastructure, housing, and monetary policy, Uruguay proves to be an economy of strong opportunity when evaluated against its regional/continental partners, but with significant and pressing challenges that would place the nation lower when considered at a global level. The national government and political system are proven to be stable, offering legal protections and investment frameworks that are comparable to developed economies. As a member of MERCOSUR and independently, Uruguay has ratified trade agreements, particularly with developed nations and Latin America, in a variety of structures, namely goods, services, investment promotion and protection, public procurement, and double taxation avoidance. The country offers valuable exports, and derives its imports significantly from MERCOSUR members in which people, goods, and currency are permitted to move freely. Uruguay has shown strong numbers in growth, particularly GDP and unemployment rate. Having reacted appropriately to an economic and banking crisis in the early 2000s, Uruguay was one of the few countries that was not significantly impacted by the 2008-09 economic crisis. The housing market has also seen considerable growth and looks to continue growing as the level of foreign direct investment in construction increases. Challenges that have limited the country and are foreseeable as continuing to limit Uruguay’s attractiveness include a public banking system that offers limited access to credit, undesired volatility in prime rate lending, seemingly unsustainable fiscal policy, and a lack of coordination in monetary and exchange rate policies. Given the widespread availability and transparency of information on the country and having taken all these factors into consideration, we determine Uruguay to be one of best investment opportunities in terms of a Latin American scope, but as still significantly behind developed economies. A total score of 30.5 points out of a possible 55 was assigned.
Description and Analysis of Each Measured Attribute
A.1 Government Expenditure, Tax System, Rule of Law, and Education System - 2/5; This ranking reflects Uruguay’s controlled government spending and competitive tax rate. The tax free zones are a great way to incentivize companies to operating in Uruguay. However, it does take into account the difficult experiences that corporations undergo in paying taxes. Uruguay benefits from a mature democracy with a stable political system and independent judiciary system. Uruguay has a well-established education system that provides free education and equal access to all students through the university level. However, the socioeconomic gap become.
Sample Student Industry AnalysisExecutive SummaryCom.docxagnesdcarey33086
Sample Student Industry Analysis
Executive Summary
Company Description
Seg and Cycle the City is a Koblenz, Germany based company specializing in offering rentals for recreational vehicles (Segways, bikes, tandems and inline skates), guiding and informational services to mainly tourists, locals and their visitors, students or for event entertainment purposes. The company will begin operations in April, 2010, as a Limited Liability Company (Unternehmensgesellschaft). The company will take advantage of the increasing popularity of Segway scooters: two-wheeled, self-balancing electric vehicles invented by Dean Kamen in 2001, as a new, more exiting and relaxing alternative to walking tours for tourists to enjoy the sights and atmosphere of the city. Also, the company will provide high quality MP3 Audio-City Guides to capture the large number of visitors who are more independent-minded, not willing to participate in guiding services offered by the tourism board of Koblenz and thereby gain significant market share.
Mission Statement
“Seg and Cycle the City is a speciality tour operator committed to providing a unique, entertaining, memorable and educational experience of the city that meets the needs of both kinds of tourists: those who seek a guided experience and those who are more independent minded.
We will take pride in doing our best to present our city tour in a memorable way and leave our customers with the image that Koblenz is a place to go back to. We will achieve this by building strong personal relationships with our customers during our guided tours and by suggesting journeys for the individual exploration.
As an advocate for sustainability, we want to promote the use of environmentally friendly transportation devices and, thereby, improve the image of our beloved city. We will also fulfil this mission of sustainability by providing an affordable opportunity for college students to rent a bike.”
Industry Analysis & Trends
The services provided by Seg and Cycle the City as a player in the service industry are affected by the developments in the recreational and sports equipment rental trade and by developments in the city and bike tourism industry in Germany, Rhineland Palatinate and, specifically, Koblenz.
Size and Growth
The personal service industry in Germany generally shows a stable performance with relatively stable revenue regardless of the difficult economic situation. A high employment rate, increased wages, and a decreasing inflation rate have increased disposable income, which especially benefits the leisure industry (German Chamber of Commerce e.V).The following graph shows that the service industry (blue line), as the leading sector concerning economic added value in the Koblenz (including surrounding communities) underwent major growth compared to other main sectors from 1992 to 2005. Since 2004, growth rate appears to be stable and rather low, but remains in a leading position.
Travel Germany, Rhineland-Pa.
SAMPLING MEAN DEFINITION The term sampling mean is.docxagnesdcarey33086
SAMPLING MEAN:
DEFINITION:
The term sampling mean is a statistical term used to describe the properties of statistical
distributions. In statistical terms, the sample mean from a group of observations is an
estimate of the population mean . Given a sample of size n, consider n independent random
variables X1, X2... Xn, each corresponding to one randomly selected observation. Each of these
variables has the distribution of the population, with mean and standard deviation . The
sample mean is defined to be
WHAT IT IS USED FOR:
It is also used to measure central tendency of the numbers in a database. It can also be said that
it is nothing more than a balance point between the number and the low numbers.
HOW TO CALCULATE IT:
To calculate this, just add up all the numbers, then divide by how many numbers there are.
Example: what is the mean of 2, 7, and 9?
Add the numbers: 2 + 7 + 9 = 18
Divide by how many numbers (i.e., we added 3 numbers): 18 ÷ 3 = 6
So the Mean is 6
SAMPLE VARIANCE:
DEFINITION:
The sample variance, s2, is used to calculate how varied a sample is. A sample is a select number
of items taken from a population. For example, if you are measuring American people’s weights,
it wouldn’t be feasible (from either a time or a monetary standpoint) for you to measure the
weights of every person in the population. The solution is to take a sample of the population, say
1000 people, and use that sample size to estimate the actual weights of the whole population.
WHAT IT IS USED FOR:
The sample variance helps you to figure out the spread out in the data you have collected or are
going to analyze. In statistical terminology, it can be defined as the average of the squared
differences from the mean.
HOW TO CALCULATE IT:
Given below are steps of how a sample variance is calculated:
• Determine the mean
• Then for each number: subtract the Mean and square the result
• Then work out the mean of those squared differences.
To work out the mean, add up all the values then divide by the number of data points.
First add up all the values from the previous step.
But how do we say "add them all up" in mathematics? We use the Roman letter Sigma: Σ
The handy Sigma Notation says to sum up as many terms as we want.
• Next we need to divide by the number of data points, which is simply done by
multiplying by "1/N":
Statistically it can be stated by the following:
•
• This value is the variance
EXAMPLE:
Sam has 20 Rose Bushes.
The number of flowers on each bush is
9, 2, 5, 4, 12, 7, 8, 11, 9, 3, 7, 4, 12, 5, 4, 10, 9, 6, 9, 4
Work out the sample variance
Step 1. Work out the mean
In the formula above, µ (the Greek letter "mu") is the mean of all our values.
For this example, the data points are: 9, 2, 5, 4, 12, 7, 8, 11, 9, 3, 7, 4, 12, 5, 4, 10, 9, 6, 9, 4
The mean is:
(9+2+5+4+12+7+8+11+9+3+7+4+12+5+4+10+9+6+9+4) / 20 = 140/20 = 7
So:
µ.
SAMPLING MEANDEFINITIONThe term sampling mean is a stati.docxagnesdcarey33086
SAMPLING MEAN:
DEFINITION:
The term sampling mean is a statistical term used to describe the properties of statistical distributions. In statistical terms, the sample meanfrom a group of observations is an estimate of the population mean. Given a sample of size n, consider n independent random variables X1, X2... Xn, each corresponding to one randomly selected observation. Each of these variables has the distribution of the population, with mean and standard deviation. The sample mean is defined to be
WHAT IT IS USED FOR:
It is also used to measure central tendency of the numbers in a database. It can also be said that it is nothing more than a balance point between the number and the low numbers.
HOW TO CALCULATE IT:
To calculate this, just add up all the numbers, then divide by how many numbers there are.
Example: what is the mean of 2, 7, and 9?
Add the numbers: 2 + 7 + 9 = 18
Divide by how many numbers (i.e., we added 3 numbers): 18 ÷ 3 = 6
So the Mean is 6
SAMPLE VARIANCE:
DEFINITION:
The sample variance, s2, is used to calculate how varied a sample is. A sample is a select number of items taken from a population. For example, if you are measuring American people’s weights, it wouldn’t be feasible (from either a time or a monetary standpoint) for you to measure the weights of every person in the population. The solution is to take a sample of the population, say 1000 people, and use that sample size to estimate the actual weights of the whole population.
WHAT IT IS USED FOR:
The sample variance helps you to figure out the spread out in the data you have collected or are going to analyze. In statistical terminology, it can be defined as the average of the squared differences from the mean.
HOW TO CALCULATE IT:
Given below are steps of how a sample variance is calculated:
· Determine the mean
· Then for each number: subtract the Mean and square the result
· Then work out the mean of those squared differences.
To work out the mean, add up all the values then divide by the number of data points.
First add up all the values from the previous step.
But how do we say "add them all up" in mathematics? We use the Roman letter Sigma: Σ
The handy Sigma Notation says to sum up as many terms as we want.
· Next we need to divide by the number of data points, which is simply done by multiplying by "1/N":
Statistically it can be stated by the following:
·
· This value is the variance
EXAMPLE:
Sam has 20 Rose Bushes.
The number of flowers on each bush is
9, 2, 5, 4, 12, 7, 8, 11, 9, 3, 7, 4, 12, 5, 4, 10, 9, 6, 9, 4
Work out the sample variance
Step 1. Work out the mean
In the formula above, μ (the Greek letter "mu") is the mean of all our values.
For this example, the data points are: 9, 2, 5, 4, 12, 7, 8, 11, 9, 3, 7, 4, 12, 5, 4, 10, 9, 6, 9, 4
The mean is:
(9+2+5+4+12+7+8+11+9+3+7+4+12+5+4+10+9+6+9+4) / 20 = 140/20 = 7
So:
μ = 7
Step 2. Then for each number: subtract the Mean and square the result
This is t.
sampleReportt.docx
Power Electronics
Contents Comment by adtaylor: This table of contents is clear and precise: I can see the flow of ideas and were the report will go
1.1 Introduction 2
1.2 Aim 2
1.3 Objectives 2
2.1 Diode Origins 3
2.1.1 Early Diodes 3
2.1.2 Thermionic Diodes 3-4
2.1.3 Crystal Diodes 4
2.2 Diode Fundamentals 5
2.2.1 Semiconductors 5
2.2.2 Doping 5-6
2.2.3 PN Junctions 6
2.2.4 Forward and Reverse Bias 7
2.3 Diode Operation 8
2.3.1 PN Junction Diode 8
2.3.2 Diode DC Operation 9
2.3.3 Diode AC Operation 10
2.4 Full Wave Bridge Rectification 11
2.4.1 Bridge Configuration 11
2.4.2 Diode Conduction Pairing 11
2.5 Three Phase Full Wave Bridge Rectification 12
2.5.1 Bridge Configuration 12
2.5.2 Diode Conduction Sequence 12-14
2.5.3 Output Voltage and current characteristics 14-15
3 Lab Report 16
3.1 Lab Report Objectives 16
3.2 Lab Report important notes 16
3.3 Output Signal 17
3.4 Output Signal (D1 removed) 18
3.5 Output Signal (D5 removed) 19
3.6 Output Signal (D6 removed) 20
4 Results, Comparisons and Discussions 21-22
5 Conclusions 23
6 References 24
1.1 Introduction
1. Rectifiers are electrical devices that convert an AC supply into a DC output through a process known as rectification. The theory of rectification has been around for over one hundred years, when early discoveries uncovered the unidirectional current flow (polarity dependent) in vacuum valves and crystal (solid state) devices. These devices were known as rectifiers; however the naming convention was changed in 1919 to diode. The name diode was derived from the Greek words ‘dia’ (through) and ‘ode’ (path). Comment by adtaylor: I don’t really think this sort of thing is necessary: the project report is supposed to be on investigating these devices or technology, not its 100 year old history.
When the marker sees this sort of thing, the first thing that springs to mind is that the student is padding out their report. It is very clear when this happens
2. Diodes are commonly known as switching devices; however due to there complex non-linear voltage and current characteristics, there applications have become numerous depending on the PN junction construction. Some special diode applications are as follows: Comment by adtaylor: This is good in an introduction, giving the reader some background on the device and what it does: this is the objective of this report after all
a. Voltage regulator (Zener diodes),
b. Tuners (Varactor diodes),
c. RF oscillators (Tunnel diodes), and
d. Light emitters (LED’s).
1.2 Aim
1. To observe the operation of a three phase uncontrolled rectifier circuit with a purely resistive load. Comment by adtaylor: This aim i.
SAMPLE Project (Answers and explanations are in red)I opened t.docxagnesdcarey33086
SAMPLE Project (Answers and explanations are in red)
I opened the Week 1 Project from Doc Sharing.
Projects
Project 1: Working With the Data Editor.
Downloading Statdisk
1) First go to the website at www.statdisk.org and then scroll down to the bottom of the page to download
the Statdisk program version 11.1.0. by clicking on the windows or the MAC version.
I went to www.statdisk.org and downloaded the statdisk 11.1.0 windows version.
Download Statdisk Version 11.1.0
Statdisk 11.1.0 Windows 2K, XP, Vista
Statdisk 11.1.0 OSX
See the included ReadMe.txt file for details.
Open A Saved Data File
2) After you have opened the Statdisk program, go to Datasets and then Elementary Stats, 9th Edition.
Open the file named SUGAR. The data will appear in column 1 in the Sample Editor.
I opened the statdisk program, went to Datasets, then Elementary Stats, 9th edition and opened the Sugar file.
Copy and Paste a Data File
3) Make a copy of the data values listed in column 1. Paste the data files into column 2. Re-name the title
of column 2 to COPY.
I went to Copy and then selected column 1. I then selected copy. Then I clicked on Paste and chose column 2. I then had 2 identical columns of the Sugar data.
Sorting Data Values
4) Make another copy of the data values listed in column 1 and paste those into column 3. Then sort only
the data values in column 3. Label the column SORT.
I selected Copy and clicked on column 1 and then pasted them into column 3. I clicked on Sort and then selected column 3.
Entering a Set of Data Values
5) Manually enter all of the data values listed below into column 4 in the Statdisk editor. Type all of the data values into the one column in vertical fashion like the other data values are listed in the other columns. It does not matter what order you input the data values. Label the data values with the name of IQ.
I typed the following data into column 4.
83
56
43
65
74
28
88
77
74
51
65
46
55
66
35
75
54
63
74
48
37
57
37
62
32
48
43
52
52
61
80
75
54
45
44
60
65
44
33
32
41
52
38
62
74
74
46
37
37
39
6) What are some of the problems that could occur when entering data values into a statistics technology
editor?
Problems that could occur when entering data values into a statistics technology editor include ………………………………………………………………………..
Sample Transformation
7) Go to the Data menu then select Sample Transformations to add 100 to all of the data values in column 4 and then paste them into column 5.
I went to the Data menu and ……………………………………………………………………………..
Classifying Variables
8) Would the grams of sugar data in column 1 be considered a sample or a population?
The grams of sugar data in column 1 would be considered a ……………..
9) State whether the sugar variable is qualitative or quantitative?
The sugar variable is ……………………………..
10) State whether the sugar variable is discrete, continuous or neither?.
Sample Questions to Ask During an Informational Interview .docxagnesdcarey33086
Sample Questions to Ask During an Informational Interview
You will not have time to ask all of the questions that you will want to ask the interviewee. Remember to
focus on the ones you feel will be most useful to you personally. Pick10-15 to use as a guideline but leave
room for the possibility that other questions will develop from your conversation.
x What is your job like?
o A typical day?
o What do you do? What are the duties/functions/responsibilities of your job?
o What kind of problems do you deal with?
o What kinds of decisions do you make?
o What percentage of your time is spent doing what?
o How does the time use vary? Are there busy and slow times or is the work activity fairly
constant?
x Why did this type of work interest you and how did you get started?
x How did you get your job? What jobs and experiences have led you to your present position?
x Can you suggest some ways a student could obtain this necessary experience?
x What are the most important personal satisfactions and dissatisfactions connected with your
occupation? What part of this job do you personally find most satisfying? Most challenging?
What do you like and not like about working in this industry?
x What things did you do before you entered this occupation?
o Which have been most helpful?
o What other jobs can you get with the same background?
x What are the various jobs in this field or organization?
x Why did you decide to work for this company?
x What do you like most about this company?
x How does your company differ from its competitors?
x Are you optimistic about the company’s future and your future with the company?
x What does the company do to contribute to its employees’ professional development?
x How does the company make use of technology for internal communication and outside
marketing?
x What sorts of changes are occurring in your occupation?
x How does a person progress in your field? What is a typical career path in this field or
organization?
o What is the best way to enter this occupation?
o What are the advancement opportunities?
o What are the major qualifications for success in this occupation?
x What are the skills that are most important for a position in this field?
x What particular skills or talents are most essential to be effective in your job? How did you learn
these skills? Did you enter this position through a formal training program? How can I evaluate
whether or not I have the necessary skills for a position such as yours?
x How would you describe the working atmosphere and the people with whom you work?
x What can you tell me about the corporate culture?
x Is there flexibility related to dress, work hours, vacation schedule, place of residence, etc.?
x What work-related values are strongest in this type of work (security, high income, variety,
independence)?
x If you job progresses as you like, what would be the next step in your career?
Kori Ryerson
Though these a.
Sample Table.pdfTopic RatingPatients Goal Able to walk .docxagnesdcarey33086
Sample Table.pdf
Topic Rating
Patient's Goal Able to walk to work instead of drive -
Gender M -
Age 24 -
height (in) 72 -
weight (lbs) 200 -
Circumference waist (in) 45 high
Table 1 Health Assessment
Value
exercise physiol.docx
I have to complete a lab in exercise physiology course..
Learning Objectives
· Health Related Physical Fitness Testing and Interpretation
· Exercise Assessment
· Anthropometric Data - height, weight, BMI, body composition
· Cardiorespiratory Fitness
I have lab report for this course, I only need you to take care of THE RESULTS SECTION.
-------------
Results – 25% – (approximately 1-2 pages)
Present in a clear, concise, logical manner the results of the data you are given and must calculate, compared to
norms listed in the texts and other resources you may select depending on which of the three lab reports you are
completing. Present the information in tables only.
----------------------
in the attachments you will see all info needed about the lab report and what you need to know about the results.
Lab Patients Fall 2014.xlsx
John JamesFALL 2014 BIO345OL.1 Patient Data SetJohn JamesTopicValueGoalExercise, lose weight, stop smokingHistory/personalsmokes socially 1/2 pk per week, does not exercise, works long hours as a produce managerHistory/familyfather died of MI age 60, he answered yes on the PAR-Q and complains of a sore right knee from a sports injury 10 yrs ago,Medicationatorvastatin, tylenol for knee painGenderMAge40height (in) 70weight (lbs)200Circumference waist (in)40Skinfolds (mm)ChestAbdomenThigh253215HR/resting80BP/resting138/84Cholesterol (mg·dL-1)242LDL Cholesterol162HDL Cholesterol58Triglycerides202*********************** EVERYTHING BELOW THIS IS FOR LAB 2 and 3 *************************
Sarah SmithFALL 2014 BIO345OL.1 Patient Data SetSarah SmithTopicValueGoalExercise to lose weight, get strongerHistory/personaldoes not exercise, teacherHistory/familyFather hypertension, obese; Mother overweightMedicationAviane, alprazolamGenderFAge30height (in) 64weight (lbs)147Circumference waist (in)34Skinfolds (mm)tricepssuprailiacthigh241820HR/resting72BP/resting124/80Cholesterol (mg·dL-1)198LDL Cholesterol132HDL Cholesterol39Triglycerides148*********************** EVERYTHING BELOW THIS IS FOR LAB 2 and 3 *************************
Larry LevineFALL 2014 BIO345OL.1 Patient Data SetLarry LevineTopicValueGoalrun a 10k without stoppingHistory/personalsoftware engineer, Gym exercise 3x/wk elliptical and weightsHistory/familyFather has Type II Diabetes Mellitus; Mother overweight mild hypertensionMedicationnoneGenderMAge30height (in) 69weight (lbs)172Circumference waist (in)39Skinfolds (mm)ChestAbdomenThigh183022HR/resting78BP/resting124/82Cholesterol (mg·dL-1)188LDL Cholesterol110HDL Cholesterol43Triglycerides152*********************** EVERYTHING BELOW THIS IS FOR LAB 2 and 3 *************************
Alice AmesFALL 2014 BIO345OL.1 Patient Data SetAlice AmesTopicValueGoalSet up a routine that she c.
SAMPLE QUESTIONExercise 1 Consider the functionf (x,C).docxagnesdcarey33086
SAMPLE QUESTION:
Exercise 1: Consider the function
f (x,C)=
sin(C x)
Cx
(a) Create a vector x with 100 elements from -3*pi to 3*pi. Write f as an inline or anonymous function
and generate the vectors y1 = f(x,C1), y2 = f(x,C2) and y3 = f(x,C3), where C1 = 1, C2 = 2 and
C3 = 3. Make sure you suppress the output of x and y's vectors. Plot the function f (for the three
C's above), name the axis, give a title to the plot and include a legend to identify the plots. Add a
grid to the plot.
(b) Without using inline or anonymous functions write a function+function structure m-file that does
the same job as in part (a)
SAMPLE LAB WRITEUP:
MAT 275 MATLAB LAB 1 NAME: __________________________
LAB DAY and TIME:______________
Instructor: _______________________
Exercise 1
(a)
x = linspace(-3*pi,3*pi); % generating x vector - default value for number
% of pts linspace is 100
f= @(x,C) sin(C*x)./(C*x) % C will be just a constant, no need for ".*"
C1 = 1, C2 = 2, C3 = 3 % Using commans to separate commands
y1 = f(x,C1); y2 = f(x,C2); y3 = f(x,C3); % supressing the y's
plot(x,y1,'b.-', x,y2,'ro-', x,y3,'ks-') % using different markers for
% black and white plots
xlabel('x'), ylabel('y') % labeling the axis
title('f(x,C) = sin(Cx)/(Cx)') % adding a title
legend('C = 1','C = 2','C = 3') % adding a legend
grid on
Command window output:
f =
@(x,C)sin(C*x)./(C*x)
C1 =
1
C2 =
2
C3 =
3
(b)
M-file of structure function+function
function ex1
x = linspace(-3*pi,3*pi); % generating x vector - default value for number
% of pts linspace is 100
C1 = 1, C2 = 2, C3 = 3 % Using commans to separate commands
y1 = f(x,C1); y2 = f(x,C2); y3 = f(x,C3); % function f is defined below
plot(x,y1,'b.-', x,y2,'ro-', x,y3,'ks-') % using different markers for
% black and white plots
xlabel('x'), ylabel('y') % labeling the axis
title('f(x,C) = sin(Cx)/(Cx)') % adding a title
legend('C = 1','C = 2','C = 3') % adding a legend
grid on
end
function y = f(x,C)
y = sin(C*x)./(C*x);
end
Command window output:
C1 =
1
C2 =
2
C3 =
3
Joe Bob
Mon lab: 4:30-6:50
Lab 3
Exercise 1
(a) Create function M-file for banded LU factorization
function [L,U] = luband(A,p)
% LUBAND Banded LU factorization
% Adaptation to LUFACT
% Input:
% A diagonally dominant square matrix
% Output:
% L,U unit lower triangular and upper triangular such that LU=A
n = length(A);
L = eye(n); % ones on diagonal
% Gaussian Elimination
for j = 1:n-1
a = min(j+p.
Sample PowerPoint Flow Week 5Select a current product with which.docxagnesdcarey33086
Sample PowerPoint Flow Week 5
Select a current product with which you are familiar, and pitch a new Integrated Marketing Communication plan (IMC) to your client.
Create a Microsoft PowerPoint presentation of 8-10 slides that includes the following components:
· Identify any considerations you will need to employ to build and maintain the brand and customer loyalty.
· Make a recommendation for an integrated marketing communications program. Include at least three of the five communication channels (Advertising, Sales Promotion, Personal Selling, Direct Marketing, Public Relations).
· First state who the target market is that you are communicating with
· Next discuss each channel of communication individually that you have selected and explain your rationale. State what the purpose of the channel is, give your objectives, and explain the strategy or how you will use this to accomplish the objectives.
-PowerPoint Outline-
Integrated Marketing Communication plan (IMC)
· Background on the product
· Target Market (describe)
· Choose at least 3 Marketing Communications to fit best with your product (most important component is that you can distinguish between the three)
1. Advertising (the purpose of advertising, explain that you know what it is)
· Purpose
· Objectives
· Strategy (How will you do this? TV, Radio, Mag, Internet)
2. Sales Promotion
· Purpose
· Objectives
· (
Only choose 3 of these Marketing Communications
)Strategy
3. Personal Selling
· Purpose
· Objectives
· Strategy
4. Direct Marketing
· Purpose
· Objectives
· Strategy
5. Public Relations
· Purpose
· Objectives
· Strategy
Please remember to include: Identify any considerations you will need to employ to build and maintain the brand and customer loyalty. (Beginning on the Background slide)
(
Remember: Identify any considerations you will need to employ to build and maintain the brand and customer loyalty.
)
Integrated Marketing Communicaitons Plan (title slide)
Background
Background of the product
Communication 3
Target Market
Communication 1
Communication 2
Purpose
Objective
Strategy
Purpose
Objective
Strategy
Purpose
Objective
Strategy
Introduction
.
Sample Of assignmentIntroductionComment by Jane Summers Introd.docxagnesdcarey33086
Sample Of assignment
Introduction Comment by Jane Summers: Introduction – The first part of your essay should describe what happened, what did you do, what was your role and what was the role of others involved? In this section you also need to make clear what the ethical issue was and why it was an issue. This section should be short, concise and factual. There is no need for emotion or feelings at this point.
The purpose of this paper is to reflect upon an ethical issue that arose in my law firm. The paper discusses what happened, what the ethical issues were, how I felt at the time, how I went about dealing with these ethical issues including what ethical approach I subconsciously took, what caused me to take that approach and what ethical approach I would take if I was in the position again. I conclude with what I learnt from the reflective process.
In 2009 a lady, Fiona, and her grandfather, Paul, attended my law firm. Fiona said Paul and her grandmother, Mary, owned a house. They were worried that Fiona’s mother, Christine, (an apparent drug user) was going to try and force the grandparents into signing the house over to her and then evict the grandparents out of the house.
Fiona indicated they had mutually agreed that to protect the grandparents from the anticipated actions of Christine, the grandparents would gift the house to Fiona. Fiona, as owner of the house and presumably someone, whom Christine couldn’t stand over, would then let them stay in the house until they died.
Fiona told me that Mary was in hospital, very ill and slowly losing her mental capacity. They wanted the transfer of house to take place urgently. Based on what Fiona and Paul said, I drafted the necessary documents and the house was transferred into Fiona’s name.
There were three ethical issues. Firstly, should I accept the word of Fiona that Christine would try to force the grandparents out of the house; after all it could be Fiona herself who was out to deceive her grandparents.
Secondly, should I make enquiries about Mary’s mental capacity, perhaps even attend the hospital? However, as I was told this was an urgent matter, I prepared the documents immediately to be taken to Mary for signing.
Finally, should I have persuaded Fiona to get her own lawyer to avoid any conflict, after all I was there to look after the interests of the grandparents? Comment by Jane Summers: This introduction is concise, explains the scenario, identifies the ethical issues that were present and does not attach a value judgement or emotion to the information.
Feelings and Emotions Comment by Jane Summers: This next section is where you describe how you felt about the issue. You should discuss what were you thinking at the time, and perhaps the emotional state you were in when taking the actions you took or after the event occurred.
I had various feelings and thoughts about this issue at the time. Initially, I was sceptical of what I was being told by Fiona. It was hard for me.
Sample Access Control Policy1.Purpose2.Scope3.Pol.docxagnesdcarey33086
Sample Access Control Policy
1. Purpose
2. Scope
3. Policy
Access control policy
Who and how is authorisation for access to systems and business applications granted?User access
How is access to information systems to be granted (eg passwords etc)?
Who is responsible for monitoring and reviewing access rights?
Who is responsible for removing and notifying of redundant User IDs and accounts and what is the process?
Who is responsible for granting access to systems utilities and privilege management?
How is access and use of systems utilities monitored?User responsibilities
How are users to be educated and made aware of access responsibilities?
What are users’ responsibilities for access and passwords?Network access
Who is responsible for authorising network access (both internally and external connections)?
What is the process for enforced network paths, user authentication for external connection, Node authentication, use of remote diagnostic ports?
How will network domains and groups be segregated?
What network connection controls will be in place – eg. times, type and size of file transfers to external source?Operating system access
How is automatic terminal identification used to authenticate connections to specific locations and portable equipment?
What is the secure logon and logoff process for access?
Are there restrictions on connection times in place?
How will passwords be issued and managed – what are the rules for passwords?
How will systems utilities’ use be controlled? Application access
Who authorises application access eg read, write?
What is the process for authorising access to information when systems share resources, eg. two separate systems are integrated to form a third application or system?Monitoring system access
What system events will be logged, eg. date, IP address, User-IDs, unsuccessful logins, alerts from intrusion detection systems (firewall)?
When and who will review and monitor system logs? And where are they stored?Mobile computing and telecommuting
Outline Agency policy for each type of mobile device – eg. physical storage, personal usage, protection of information held on the device, access mechanisms (eg password), virus protection, backup.
Policy on use of computer equipment for telecommuting, eg. authorisation process, system access, physical security, etc.
Template - Access Control Policy Page 1 of 2 June 06
.
SAMPLE GED 501 RESEARCH PAPERTechnology Based Education How.docxagnesdcarey33086
SAMPLE GED 501 RESEARCH PAPER
Technology Based Education: How can theories of learning and/or development be used to guide the use of technology in schools?
Introduction
Twenty first century learning environment is no longer a goal, but an educational reality. We are deep into the midst of a paradigm shift that spans across our entire globe. The technology we live with as a society has exponentially grown at an increasingly rapid rate. This is illustrated from the integration of computers in every facet of our lives. This includes televisions, phones, cars, and even coffee makers which all contain a microprocessor, they all think. Even more startling is how connected we all are. Access to information is available at a finger’s touch. We can connect to people, we can shop, and ask for directions from anywhere at any time. We are tethered to the world by social media such as Facebook. Google has mapped out the entire earth. We can send a text message from the middle of Antarctica. Even more startling is how corporations and the government collects data as they track our ever movement as we go online. All this is reflected upon education, which mirrors this new 21st century society. No longer is the classroom isolated from the world, but it too is connected. Learning technology is critical more than ever because it impacts skills and productivity (Hall, 2011) for both the student and the teacher.
Background
Incorporating technology into the classroom has been around since computers were invented, but it has been only recently been the norm in the last few years. This revolution no more pointedly reflected in our education system, than it is today. Johri (2011) states that although digital information technologies in education has become commonplace, there are few guiding frameworks or theories that explains the relationship between technology and learning practices. Bennett and Oliver (2011) share that view. Research has focused on practical implementation versus the theory and application of the technology. They explained once theories are developed, a better understanding of effective technology based pedagogy would occur.
Technology in Education
I believe however, all the theorists play well with technology. Technology is merely a tool. Its strength is the ability to facilitate. John Dewey is a prime example. He believed in “learning by doing”. With an iPad there is an App where by students are able to see the stars and the constellation. With the use of satellites and GPS held within the piece of technology, students are able to view exact locations of stars. Where the iPad is directed in the sky, the stars would be in that location on the handheld screen, no telescope necessary. The students interact with the material to gain knowledge.
This is further illustrated by this second example. The best way to learn about Mayan pyramids is to actually visit one in Central America. With the use of laptops, students can connect to the Discove.
Sample Action Research Report 1 Effect of Technol.docxagnesdcarey33086
Sample Action Research Report 1
Effect of Technology on Enthusiasm for Learning Science
Jane L. Hollis
Lake City Middle School
Lake City, Florida
ABSTRACT
The effect of technology on students’ enthusiasm for learning science (both at school and
away from school) was investigated. Pre- and post-student and parent surveys, student and
parent written comments, and teacher observations were used to record changes in enthusi-
asm for learning science during a six-week study period.
In this study, I investigated how the integration of technology into my middle school
science curriculum would impact my students’ enthusiasm for learning science. Enthusiasm
for learning science can be defined as the students’ eagerness to participate in science activi-
ties in the classroom, as well as away from school. My motivation for focusing on technol-
ogy was twofold. First, I have had an interest in integrating technology into my students’
studies of science for some time. Secondly, the funding for technological equipment and
software recently became available. During the 1993–1994 school year, my school was
awarded a $115,000 incentive grant to purchase equipment and software and to train
teachers in the use of this software and technological equipment. One of the stipulations of
the grant was that the equipment and software must be for student use.
According to Calvert (1994), American education is a system searching for solutions.
Our children drop out, fail to sustain interest in learning, and perform below capacity. Some
have argued that television is the culprit. Others have argued that computers may be the
answer.
Today’s middle school students have grown up in a technological world with television,
electronic toys, video games, VCRs, cellular phones, and more. They are accustomed to
receiving and processing information through multi-sensory sources.
I wanted to bring technology into my classroom and incorporate it into my science
curriculum using multimedia computer presentations. Barbara ten Brink (1993) noted, “. . .
students look to us [teachers] to prepare them for an increasingly technological world.
Fortunately, with videodiscs, we are meeting the challenge by delivering curriculums in
ways that engage, motivate, and thrill our students.” In this study my students had an
opportunity to use assorted multimedia technology as they explored a segment of a middle
school science curriculum.
THEORETICAL FRAMEWORKS
Learning is an extremely complex human process. During my twenty-four years of teaching
I have used many strategies to enhance student learning and to teach new concepts. I am still
not convinced that I thoroughly understand how children learn. Yet, at this point, I do
believe children learn through experiences. They build on past experiences and previous
knowledge to process new concepts. As children redefine old understandings of concepts
and integrate new experiences into thei.
Sample Case with a report Dawit Zerom, Instructor Cas.docxagnesdcarey33086
Sample Case with a report
Dawit Zerom, Instructor
Case Study: Ft. Myers Home Sales
Due to a crisis in subprime lending, obtaining a mortgage has become difficult even for
people with solid credit. In a report by the Associated Press (August 25, 2007), sales of
existing homes fell for a 5th consecutive month, while home prices dropped for a record
12th month in July 2007. Mayan Horowitz, a research analyst for QuantExperts, wishes to
study how the mortgage crunch has impacted the once booming market of Florida. He
collects data on the sale price (in $1, 000s) of 25 single-family homes in Fort Myers,
Florida, in January 2007 and collects another sample in July 2007. For a valid
comparison, he samples only three bedroom homes, each with 1,500 square feet or less of
space on a lot size of 10, 000 square feet or less.
Excel data are available in Titanium page.
Use the sample information (appropriate descriptive statistics) to address the following
aspects. Your report should not exceed one page.
1. Compare the mean and median in each of the two sample periods.
2. Compare the standard deviation and coefficient of variation in each of the two sample
periods. Also incorporate quartiles.
3. Discuss significant changes in the housing market in Fort Myers over the 6-month
period.
Sample Case with a report
Dawit Zerom, Instructor
Sample Report
The steady stream of dismal housing market statistics lately is a clear indication that the national
real estate market is in a serious crisis. The uncertainty is also forcing lenders to slow down on
their lending, and as a result obtaining a mortgage is becoming increasingly difficult even for
people with solid credit. In light of this situation, Mayan Horowitz conducts a small study to
learn if the national trend also affects the once booming market of Florida by focusing on Fort
Myers, Florida. To see the trend of the housing market over a 6-month period, he obtains price of
25 single family homes in January 2007 and another comparable 25 single family homes in July
2007. Table 1 below shows the most relevant descriptive analysis.
The average home price in January of 2007 was $231, 080 versus $182, 720 in July of the same
year. That is about a 21% drop in the average home price. Also in January, half of the homes
sold for more than $205,000, versus only $180,000 in July (see the median). Since the mean is
more effected by outliers (in this case, a few relatively high prices), the median is an appropriate
measure of central location.
While measures of central location typically represent where the data clusters, these measures do
not relay information about the variability in the data. Both the standard deviation and the
coefficient of variation are higher in January indicating that home prices were more dispersed in
January. Further, while 25% of the houses were sold at the price of $158, 000 or less in Janua.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Normal Labour/ Stages of Labour/ Mechanism of LabourWasim Ak
Normal labor is also termed spontaneous labor, defined as the natural physiological process through which the fetus, placenta, and membranes are expelled from the uterus through the birth canal at term (37 to 42 weeks
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
1. Sales_Marketing_-_Riordan_9.docx
Sales & Marketing
Home | Marketing Information System | Sales Plan - 2006 |
Customer List | Sales Chart - 2005 |
Product Catalog |
The firm is attempting to consolidate customer information to
deliver better value to the customer. The firm has historical
records in many disparate databases, as well as in paper files
and microfiche. Below is a listing of information the firm has
available to consolidate into a CRM system.
Historical Sales
Riordan has a system to track historical sales. In the past, most
sales data was recorded using paper and pencil. In the last few
years, the firm has managed the information electronically.
Information available includes the following:
· Dates including order, delivery, and payment dates by order.
· Unit and dollar volume of each product including plastic
bottles, fans, heart valves, medical stents, and custom plastic
parts rolled up to be examined by product group and customer.
· Sales by customer to include price paid, cost, margin, and
discount given.
Files of Past Marketing Research, Marketing Plans, and Design
Awards
The marketing organization wants to build on past knowledge.
As a result, past marketing plans and results from past market
research studies are stored in a file cabinet in the marketing
department. The firm has a showcase in the lobby to display the
various design awards earned. The firm is assessing the
possibility of hiring a part-time college student to scan the
2. documents electronically.
Sales Database
The company has 15 – 20 major customers, including a
government contract for fans. The firm has 12 minor customers.
Each member of the sales force maintains his/her own set of
customer records using a variety of tools. Some sales team
members use paper and pencil, others sales management
software such as Act, and others a hybrid. In order to better
understand and anticipate customer needs, the firm is evaluating
a new integrated customer management system to accompany
the new team selling approach that will be soon rolled out.
Production Records
The production plan maintains records of the number of units
produced of each item by shift, which can be rolled up to the
product group and year.
Profit and Loss Statements by Item and Group
The marketing department, with the support of the finance and
production departments, maintains profit and loss statements, by
item and by group.
Marketing Budget
The firm has historical and current annual budget allocations for
marketing communications and marketing research.
Marketing Communications activities include:
· Sales force promotions
· Price / volume discounts to key accounts
· Public relations
· Brand development
· Tradeshows, events, and sponsorships
· Customer user group underwriting
· Literature and other collateral material
3. Marketing Research expenditures include:
· Market size / opportunity studies
· Customer focus groups
· Brand development research
Marketing Budget Anticipated Results
Two year plan to reach the $50 million revenue mark. This
objective was developed collaboratively with Dr. Riordan along
with the executive team. It incorporates the input of the line
managers closest to the day-to-day operations. The objective
will be achieved through:
· Increased sales to existing customers by increasing sales force
promotions, price discounts, and customer user group services.
· Expanded sales to new customers by implementing public
relations activities, trade shows, brand development and sales
force promotions.
Sales & Marketing
Home | Marketing Information System | Sales Plan - 2006 |
Customer List | Sales Chart - 2005 |
Product Catalog |
Sales Plan – Riordan Manufacturing – 2006
The purpose of this sales plan is to help the sales organization
prioritize activities and resources for 2006 in an effort to meet
or exceed the stated sales objectives. Our two year plan to reach
the $50 million revenue mark. This objective was developed
collaboratively with Dr. Riordan along with the executive team.
It incorporates the input of the line managers closest to the day-
to-day operations. This means we need to be moving toward that
objective this year, laying the groundwork and achieving
results.
The $50 million goal will be achieved through:
4. · Increased sales to existing customers by increasing sales force
promotions, price discounts, and customer user group services.
· Expanded sales to new customers by implementing public
relations activities, trade shows, brand development and sales
force promotions.
Riordan Manufacturing- Sales Plan 2006Theme: Reaching the
$50 Million Mark!
· Increased Sales to Existing Customers
· Expanded Sales to New Customers
Part 1: Strategic sales objectives with corresponding financial
goals and roll-out schedules
Increased Sales to Existing Customers
Existing customers are expected to account for 60% of the
incremental sales that will get us to our $50 million mark by the
end of 2007. Therefore, we must take a consultative sales
approach to understanding the current needs and anticipate and
influence the future needs of our customers. Our plan is to work
with customers before they release RFPs, so that they are
developed around the products, services, and solutions we offer.
Quarter
Activity
1Q2006
· Complete customer information system training.
· Input customer information into new system and use it to
document customer needs assessment.
· Top 20 Large Accounts – complete needs assessment and
develop sales growth plan.
· Sponsor and coordinate industry specific user group meetings.
2Q2006
· 12 Small to Mid-Size Accounts – complete needs assessment
and develop sales growth plan.
· Large Accounts – RFP updates.
· All accounts – Profit margin reports and improvement plans.
3Q2006
5. · Small and Mid-Size Accounts – RFP updates.
· Active support of the new services solutions development.
4Q2006
· Customer needs action plans due.
Expanded Sales to New Customers
We expect 40% of the incremental sales to help us to our $50
million mark will be through sales to new customers. We will
reach new customers by attending tradeshows and leveraging
market research reports. It is important to input all new
information into the new system.
Quarter
Goals
1Q2006
· Each sales team ember should attend 6 tradeshows in a new
industry or segment. The firm should not have been previously
represented in the segment. An expenditure justification report
should be submitted before committing to the event. Scan key
contacts in the new system.
2Q2006
· Attend 3 – 6 tradeshows in a new industry or segment. Scan
key contacts into the new system.
· Complete 9 sales calls on new customers.
· Sign 2 new customers with first orders over $50,000.
3Q2006
· Attend 3 – 6 tradeshows in a new industry or segment. Scan
key contacts into the new system.
· Complete 9 sales calls on new customers.
· Sign 2 new customers with first orders over $50,000.
4Q2006
· Attend 3 – 6 tradeshows in a new industry or segment. Scan
key contacts into the new system.
· Complete 9 sales calls on new customers.
· Sign 2 new customers with first orders over $50,000.
Part 2: Tactics by marketing mix, timing, and relationship to
6. strategic sales objectives
Product
Marketing and product development are committed to
developing products and value added services to help us
compete to win bids. If you find that you need a specific service
or product to gain a new customer, bring it to the attention of
your management. We will assess whether the new service is
feasible and in line with our positioning and objectives and act
accordingly.
Pricing
Our pricing strategy will remain the same as in previous years,
a cost-plus method. However, sales managers now have more
leverage when working with customers and can assign discounts
to customers without approval of headquarters provided the sale
still meets the minimum profit margins.
Promotions
Sales Team Promotions:
Employees reporting under the sales group are eligible for the
sales bonus program if all goals and initiatives for existing
customers are successfully completed in the given quarter. For
every new customer added that spends $100,000 in their first
order, the sales manager will receive a $5000 bonus, plus an
additional $2000 to allocate to any supporting team members.
There is no upper limit to the number of $7000 ($5000 + $2000)
incentives that one can obtain.
Customer Promotions:
Customers will be excited about our promotion to buy 100 cases
of the same item and get 5 cases for free. We encourage you to
use this promotion, as it is outside of the minimum profit
margin requirement and can help us reach our revenue targets.
Place (expansion, emphasis on locations or customer regions)
We are in the process of completing a comprehensive market
study which will be available early 2Q2006. Based upon that
plan, we will have better direction regarding with industries,
segments, and geographies provide the best opportunities for
growth.
7. Part 3: Customer Relationship Management Strategies
This year, we want to strengthen our relationship with our
existing customers. The new sales information system will help
us better understand our customers’ needs so that we can shape
products and solutions to respond to those needs. This can only
work with your help. Part of your annual assessment will reflect
the extent to which you support and use the new system.
In addition, we are shaping and nurturing relationships with
new customers. We need every member of our team to get out
there and connect with new customer segments. We are
providing resources such as financial incentives, tradeshow
funding, and market research reports to support your effort.
Sales & Marketing
Home | Marketing Information System | Sales Plan - 2006 |
Customer List | Sales Chart - 2005 |
Product Catalog |
Download Microsoft Excel™ version of Customer List
Customer List – 2005
Name
Address
City
State / Providence
Postal Zone
Country
Telephone No.
Cust. No.
Alexander & Sons - Importers/Exporters
Shvernik Street, 27 building 6
Moscow
8. 117449
Russia
8 (926) 568-01
2004008
Antunes Medical Supply Distributing
1000 Rama 9 Sol 55, Rama 9 Road, Suan Luang
Bangkok
10250
Thailand
02-659-90001
1997080
Armijo Pharmaceuticals Ltd.
301 Barrack Road
Mumbai
400 020
India
22 666-5336
1990010
Bejarano Electronic Bulk Materials
No.3310, South BaiYun Avenue
GuangZhou
GuangDong
510405
China
86-20-8618772
2000025
Benedek Wholesale Goods
Avenida Euclides Figueiredo, 2525
São Luís
MA
65076-820
Brazil
98-400-4200
9. 1997032
Borze Medical Device Supply
Avenida Nossa Senhora das Gracas, 369
Sao Paulo
Diadema
09980-000
Brazil
11 306-9223
2003005
Bottomley Sundry Supply Company
4257 Trafford Wharf Road
Manchester
M17 1TE
United Kingdom
44-16-836-400
1995066
Bradley Beverage Group, Ltd.
635 Eastern Ave.
Toronto
Ontario
M4M 2V6
Canada
416-555-0189
2005062
Carver Creative Storage
Solution
s, Inc.
201 S. Erie St.
Toledo
10. OH
43604
United States
419-555-0153
1993024
Davis Springs
2751 W. Main St.
Bozeman
MT
59718
United States
406-555-0165
2002043
Drotos Manufacturing
No. 77, Lane 215, GongYuán Rd.
Hsinchu City
300
Taiwan
03-561-62779
2001062
Eichling Großhandel Medizinische Geräte
Glienicker Weg 335
Berlin
Deutschland
11. 12489
Germany
49 30 2389
2002786
Gibb Production Company, Inc.
816 W. Las Vegas St.
Colorado Springs
Colorado
80903
United States
719-555-0191
1997055
Holloway & Associates
No. 341, Lane 286, Gongxue Road
Tainan City
709
Taiwan
06-221-99669
2004009
Iyer Manufacturing and Assembly
27-6 Songdo-dong
Incheon
Yeonsugu
South Korea
12. 32-835-10008
2005001
Kilgore Wholesale Electronic Supplies
65094 Airport Way S.
Seattle
WA
98108
United States
206-555-0190
1992001
Knuth Company
Building 210 Shidongxia Road
Foshan
GuangDong
528000
China
86-757-8801680
2005001
Kubli Medical Technologies
F,6 Hongcheng Road
Nanchang
Jiangxi
330002
China
13. 07-91-611111
2004087
Lamer Wholesale Cosmetic Supplies
1530 Saline St.
Kansas City
MO
64116
United States
816-555-0147
1998021
Loehr's Wholesale Supply Co.
Via di Mascherona, 45
Genova
16123
Italy
010-86-0263
2002013
Machuca Electric Supplies
5134 Nanhu Road
Shenzhen
518001
China
86-755-8336528
14. 2000037
Moksvold Family Investment Trust
1200 Ute Ave.
Aspen
CO
81611
United States
970-555-0168
2005004
Palmer Organic Wines
9048 Brooks Road South, PMB 1006
Windsor
CA
95492
United States
707-555-0101
2005005
Sherman Scientific
46765 S. 102 Street, Suite 350
Omaha
NE
68127
United States
402-555-0187
1995001
15. Smith Systems Consulting
801 Jefferson Ave.
Houston
TX
77002
United States
713-555-0199
2005006
Stanley Juice Company
8560 SW US Hwy 27
Fort White
FL
32038
United States
386-555-0162
2005007
Taylor Group
251 Mercer Street, Suite 450
New York
NY
10012
United States
212-555-0134
2005021
Thorton Toy Emporium, Inc.
16. 1501 Mitchell St.
Fayetteville
AR
72701
United States
479-555-0123
2005008
Yilmaz Wholesale Supply
430-0946 Naka-ku Hamamatsu 109-18
Hamamatsu City
Shizuoka
109-18
Japan
53-459-01119
2000067
Sales & Marketing
Home | Marketing Information System | Sales Plan - 2006 |
Customer List | Sales Chart - 2005 |
Product Catalog |
17. Product Catalog – 2005
Item Number
Description
Cost
Price
1010001
Cooling Fan 120mm
$8.27
$10.00
1010002
Cooling Fan 250mm
$10.34
$12.50
1010003
Cooling Fan 80mm
$6.20
$7.50
1010004
Cooling Fan 140mm
$3.31
$4.00
1010005
Cooling Fan 92mm
$5.38
21. $0.23
$0.28
4010001
White Bottle w/ Screw Lid 1oz
$0.04
$0.05
4010002
White Bottle w/ Screw Lid 3oz
$0.12
$0.15
4010003
White Bottle w/ Screw Lid 6oz
$0.25
$0.30
4010004
White Bottle w/ Screw Lid 8oz
$0.33
$0.40
4020001
Pink Bottle w/ Screw Lid 1oz
$0.04
$0.05
4020002
Pink Bottle w/ Screw Lid 3oz
$0.12
22. $0.15
4020003
Pink Bottle w/ Screw Lid 6oz
$0.25
$0.30
4020004
Pink Bottle w/ Screw Lid 8oz
$0.33
$0.40
4030001
Blue Bottle w/ Screw Lid 1oz
$0.04
$0.05
4030002
Blue Bottle w/ Screw Lid 3oz
$0.12
$0.15
4030003
Blue Bottle w/ Screw Lid 6oz
$0.25
$0.30
4030004
Blue Bottle w/ Screw Lid 8oz
$0.33
$0.40
23. 5010001
Storage Container w/ lid (Custom) 1qt
$0.25
$0.30
5010002
Storage Container w/ lid (Custom) 0.5qt
$0.12
$0.15
5010003
Storage Container w/ lid (Custom) 0.25qt
$0.07
$0.08
6010001
Prototype Fabrication - Expenses
6010002
Prototype Fabrication - Set Up Fee
24. Legal_-_Riordan_0.doc
Legal
Home | Overview | Communications | Corporate Governance
Plan
Lowell Bradford, Chief Legal Counsel, oversees all legal
matters for Riordan Manufacturing. All contracts have to be
approved by Mr. Bradford before they can be signed.
Department heads forward all legal questions to Mr. Bradford
who answers them from his personal knowledge and experience
or after consulting with the attorneys at Litteral & Finkel, the
law firm retained by Riordan Manufacturing.
Mr. Bradford and Rick Ethridge handle all the company’s patent
applications. Litigation, tax issues and real estate matters are
referred to Litteral & Finkel, but closely supervised by Mr.
Bradford. Per Mr. Bradford’s instructions, all communications
between Litteral & Finkel pass through Mr. Bradford’s office.
Litteral & Finkel have been representing Riordan Manufacturing
since its inception. Dr. Riordan’s cousin was a partner in the
firm and the close relationship between the two firms has
25. continued even though Dr. Riordan’s cousin passed away eight
years ago. Riordan Manufacturing pays Litteral & Finkel a
monthly retainer to assure prompt response to any legal
inquiries. If legal matters arise, legal fees are charged against
the retainer. If the amount of the month’s legal fees exceeds the
retainer, excess charges are billed to Riordan Manufacturing at
the end of the month. Unused retainer amounts are not carried
forward.
Litteral & Finkel is a large international law firm that practices
in all areas of the law. The firm has offices in a number of
cities including:
· San Jose, CA
· Los Angeles, CA
· New York, NY
· Chicago, IL
· Atlanta, GA
· Detroit, MI
26. · Washington, D.C.
· Cleveland, OH
· Mexico City, Mexico
· London, United Kingdom
· Paris, France
· Geneva, Switzerland
· George Town, Grand Cayman
· Sydney, Australia
· Perth, Australia
· Dublin, Ireland
· Tokyo, Japan
· Seoul, South Korea
· Kuwait, Kuwait
27. · Doha, Qatar
· Moscow, Russia
Litteral & Finkel has provided Riordan Manufacturing with
legal services in the areas of tax law, real estate transactions,
employment law, immigration matters, civil litigation, workers
compensation, labor law, and customs regulations. With its vast
resources, Litteral & Finkel can immediately provide a team of
attorneys, paralegals and clerks to any legal issue that confronts
Riordan Manufacturing. With its international network, it can
send attorneys from its closest offices and within a few hours be
on the scene to provide legal advice anywhere in the world.
Legal
Home | Overview | Communications | Corporate Governance
Plan
Corporate Governance PoliciesSelection of BoardBoard
Leadership RolesBoard Composition and Performance
28. CriteriaBoard Meeting Etiquette and ProceedingsCommittee
Matters and MembershipBoard Responsibility to Operations and
Financial Activities
Download PDF copy of Governance Plan
Corporate Governance Policies
The Riordan Manufacturing Board of Directors carries the
responsibility of overall management of business affairs of the
Company in accordance with state corporation requirements, the
Articles of Incorporation, and its By-Laws. The encompassing
role of the board is to govern and manage the affairs of the
Company for the benefit of shareholders. The Board endeavors
to faithfully fulfill its obligations through oversight of quality
management personnel who carry out the daily activities on
behalf of the Board of Directors of Riordan. Top
Selection of Board
1. Criteria for Board Membership
The Board shall maintain a Nominating Committee with
responsibility to review the skills and characteristics of the
members of the Board. Those attributes sought in retaining and
adding members of the Board will include industry knowledge,
financial literacy, availability to participate, and commitment to
act in the capacity of a Board member of Riordan.
29. 2. Director Independence
The Company shall engage a majority of Board members
independent of current management of Riordan, as stipulated
through standards set out by regulation. The Nominating
Committee will review the relationship of each Director to the
company on a regular basis.
3. The Board will have the responsibility to select new members
to its body. The Board, under the supervision of the Nominating
Committee, will be responsible to recommend new members.
New Board members will be provided with information
concerning the Company and be given access to senior
management in an effort to orient them to their new position on
the Board. Top
Board Leadership Roles
1. Selection of Board Chairman and CEO
The Board may designate as its Chief Executive Officer any
current officer of the Company. The Chairman of the Board of
Directors may be designated from any current seated member of
the Board, including the Chief Executive Officer, if also a
member of the Board of Directors. Top
Board Composition and Performance Criteria
30. 1. Size of Board
The size of the Board shall be no larger than necessary to
manage the operations of the Company. The Board shall, from
time to time, assess the number of Directors and overall size in
relationship to Company operations and size.
2. Assessing Board Performance
The Nominating Committee shall assist the Board in carrying
out a self-assessment of performance. The Nominating
Committee, along with the Auditing Committee, shall compile
performance reviews to present to the full Board for the purpose
of evaluating overall performance and effectiveness of Board
activities.
3. Resignation or Removal
A Director may, for personal or other reasons, such as a conflict
of interest, submit his or her resignation to the Chairman of the
Board. The full Board may accept or reject the tendered
resignation based on the best interests of the Company. For just
cause, the Board, assisted by the Nominating Committee, may
request and/or vote on an approved request for removal of a
Board member.
4. Board Compensation
Company Human Resources staff will provide an annual review
31. of Corporate Board compensation. The report will provide the
basis for proposed compensation of Board members, based on
the recommendation of the Chairman of the Board. Top
Board Meeting Etiquette and Proceedings
1. Board Member Attendance
All Board members are expected to be present at a minimum of
three quarters of the regularly scheduled meetings in a calendar
year. Absences should be reported to the Board Secretary in
advance, when possible, to allow the Board to disseminate
Board business to the absentee member.
2. Selection of Agenda Items
The Chairman of the Board will establish the agenda, based on
advance submission of requested items from other Board
members or the Chief Executive Officer of the Company.
3. Distribution of Board Materials
Information pertaining to the agenda items for the upcoming
Board meeting will be distributed to Board members, when
feasible, three days prior to the Board meeting date. All reports,
financial or otherwise, and any presentations should be included
in the Board Meeting Package and distributed on behalf of the
Board Secretary. Top
Committee Matters and Membership
32. 1. Committees will be established to support overall Board
operations. A minimum of the following committees will be
established and maintained during the life of the Company:
Executive, Auditing, and Nominating. Other committees may be
created by recommendation of the Chairman of the Board and
approval by the full Board.
2. Committee Membership
All committee members will be appointed by the Chairman of
the Board with approval of the full Board. The Nominating
Committee shall solicit membership from the full Board, based
on desired participation of individual Board members.
3. Committee Meeting Frequency and Participation
Frequency of committee meetings, length, and agenda will be
the responsibility of the Committee Chairman, as elected by the
seated Committee membership. Committee members are
expected to participate in committee meetings as often as
possible. The Committee Chairman is responsible for
distributing materials to committee members prior to the
meeting date and reporting committee findings and
recommendations to the full Company Board through the
Chairman of the Board. Top
Board Responsibility to Operations and Financial Activities
33. The Board of Directors designates its authority to operate the
Company to senior management and Company staff, passing to
them the responsibility to carry out Board policies and report
back activity. The Board of Directors holds the ultimate
fiduciary responsibility of managing affairs through its
designated senior managers, with the right to remove senior
management when it is in the best interests of the Company and
its shareholders. The daily activity of operations shall by
governed by departments through the development of a
Departmental Governance Plan.
Human_Resources_-_Riordan_1.doc
Human Resources
35. Work Force Demographics
Employees
Employee Files
Reports
Communications
Employee Handbook
Executive
Senior V.P. - R & D- Staff InformationChief Operating Officer-
V.P. Transportation- V.P. Sales & Marketing- Chief Financial
36. Officer- Dir. of Acct. & Finance- Dir. of HR- Chief Legal
Counsel- V.P. Product Support- V.P. Operations- Dir. Plant
Ops.: Pontiac- Dir. Plant Ops.: Albany- V.P. International
Operations- Chief Information Officer
Human Resources
107. Employees
Employee Files
Reports
Communications
Employee Handbook
Job Title
Description
Education and/or experience required
Accounts Payable Clerk
Compiles, classifies, records, verifies and maintains data and
payments to vendors.
Must have high school diploma and excellent math skills. Good
attention to detail is required as well.
108. Accounts Receivable Clerk
Compiles, classifies, records, verifies and maintains data and
payments from customers.
Must have high school diploma and excellent math skills. Good
attention to detail is required as well.
Administrative Assistant
Provides administrative support (copying, word processing,
scheduling, etc.) for one or more managers.
Must have high school diploma and skilled at word processing,
use of spreadsheets and calendaring software.
Assistant Plant Manager
Assists the plant director with day-to-day operations.
Supervises teams of production workers, reviews daily and
weekly schedules, ensures that all production targets are met.
Troubleshoots as necessary.
Bachelor’s degree with experience in all areas of production
preferred.
109. CAD Operator
Work with CAD systems creating, modifying and releasing
drawings and word drawings under direct supervision of a
supervisor for use by other departments and customers.
Degree from a recognized CAD training facility and 2 years
experience, or 4 to 6 years experience in CAD systems.
CAD/CAM Support Specialist
Work with CAD systems creating, modifying and releasing
drawings and word drawings under direct supervision of a
supervisor for use by other departments and customers. In
addition, support computer-aided manufacturing processes as
they are designed.
Degree from a recognized CAD training facility and 2 years
experience, or 4 to 6 years experience in CAD systems.
CAM Support Specialist
Support computer-aided manufacturing processes within
assigned plant. Provide technical assistance to computer system
110. users. Answer questions or resolve computer problems for
clients in person, via telephone or from remote location. May
provide assistance concerning the use of computer hardware and
software.
Degree from a recognized CAM training program and 2 years
experience, or 4 to 6 years experience in CAD systems.
Chief Financial Officer
Direct the accounting, finance and Human Resources functions
toward achievement of the company’s key results while
upholding company values.
Requires MBA or CPA and 5-7 years experience.
Chief Information Officer
Chief IS/IT officer of organization. Develops strategy for
information systems department based on long term corporate
goals.
Requires BS and 5 - 7 years experience. Masters degree highly
desirable.
111. Chief Legal Counsel
Advises corporation concerning legal rights, obligations and
privileges.
Requires current law license in California and 5 - 7 years
experience in corporate law.
Chief Operating Officer
Directs, administers and coordinates the activities of the
organization in support of policies, goals and objectives
established by the chief executive officer and the Board of
Directors.
Requires MBA or MM and 5 - 7 years experience.
Compensation & Benefits Manager
Determine overall compensation and benefits philosophy for the
organization. Supervise compensation analyst as well as third
party provider of benefit services.
Requires MBA or MM and 5 - 7 years experience. Certification
in HR or Compensation highly preferable.
112. Compensation Analyst
Assists in the development and administration of employee
salary administration programs by performing job analysis,
conducting and analyzing salary surveys and assisting managers
in writing legally compliant job descriptions.
Requires bachelor’s degree and 3 - 5 years experience.
Certification in Compensation is highly preferable.
Cost Accountant
Applies principles of cost accounting to conduct studies which
provide detailed cost information not supplied by general
accounting systems.
Requires bachelor’s degree in accounting, with a CPA, CMA or
MBA strongly preferred.
Credit Analyst
Analyzes credit data to estimate degree of risk involved in
extending credit or lending money to firms.
113. Requires bachelor’s degree in accounting.
Credit Manager
Directs and coordinates activities of workers engaged in
conducting credit investigations and collecting delinquent
accounts of customers.
Bachelors’ degree in finance or accounting with 3 - 5 years
related experience.
Customer Service Representative
Interviews customers and records interview information into
computer for customer service.
Bachelors’ degree preferred.
Database Analyst
Designs logical and physical databases and coordinates database
development.
Requires 2 - 4 years relevant professional experience or
equivalent combination of education and experience.
114. Development Engineer
Designs and develops new products and product improvements.
Requires bachelors’ degree in mechanical or materials
engineering.
Director of Accounting & Finance - Corporate Controller
Directs financial activities of an organization.
Requires bachelors’ degree in accounting or finance, along with
CPA, CMA, or CPA certification, 5 - 7 years of experience are
also required.
Director of Human Resources
Develops policy and directs and coordinates human resources
activities, such as employment, compensation, labor relations,
benefits, training and employee services.
Requires bachelors’ degree. MBA or MM preferred, along with
professional HR certification. 5 - 7 years of experience.
115. Director of Sales
Manages sales activities of organization.
Requires bachelors’ degree. MBA or MM preferred, along with
5 - 7 years of sales experience.
Director, Plant Operations
Directs production, distribution and marketing operations for
branch plant, or assigned territory of industrial organization.
Requires bachelors’ degree. MBA or MM preferred, along with
5 - 7 years of production and/or operations experience.
Employee Relations Manager
Supervises employee-related programs, manages resolution of
employee relations problems and develops new employee-
related programs.
Requires bachelors’ degree. Professional HR certification
preferred, along with 3 - 5 years of experience.
Employee Relations Specialist
116. Coordinates employee-related programs, participates in
resolution of employee relations problems and gathers
information on worker attitudes to facilitate employee
satisfaction.
Requires bachelors’ degree. Professional HR certification
preferred, along with 1 - 3 years of experience.
Executive Assistant
Provides assistance to a senior executive, including board
activities, publications, volunteerism and special events
planning, to create and maintain favorable public image.
Associates degree in business, along with 3 - 5 years business
experience.
Financial Planner/Budget Specialist
Applies principles of accounting to analyze past and present
financial operations and estimates future revenues and
expenditures to prepare budget.
Requires bachelors’ degree in accounting or finance along with
117. 1 - 3 years of experience.
Financial Planning Manager
Manages financial planning activities for the organization.
Supervises financial planners and budget specialists in the
development of departmental and corporate budgets.
Requires bachelors’ degree in accounting or finance, along with
3 - 5 years of experience.
General Accountant
Applies principles of accounting to analyze financial
information and prepare financial reports. Responsible for
maintaining general ledger for the organization.
Requires bachelors’ degree in accounting or finance, along with
1 - 3 years of experience.
General Accounting Supervisor
Supervises accounting activities, including A/P, A/R and
general accounting.
118. Requires bachelors’ degree in accounting or finance, along with
3 - 5 years of experience.
Logistics Coordinator
Analyzes production schedules and determines inbound and
outbound logistics needs for assigned plant.
High school diploma or equivalent.
Logistics Planner
Directs and coordinates program activities designed to vendors
and customers with logistics technology that ensures effective
and economical support concerned for manufacturing or
servicing of products.
High school diploma or equivalent.
Manager IT Services
Directs and coordinates local area computer network activities.
Requires degree and 5 years related experience.
119. Manufacturing Engineer
Plans, directs and coordinates activities concerned with design,
construction, modification and maintenance of equipment and
machinery in industrial plant.
Requires bachelors’ degree in mechanical or industrial
engineering.
Market Analyst
Designs marketing research projects and analyzes results.
Requires degree and 1 - 3 years related experience.
Marketing Manager
Manages design and production of planned marketing programs.
Requires degree and 3 - 5 years related experience.
Materials Engineer
Evaluates technical and economic factors, recommending
engineering and manufacturing actions for attainment of design
120. objectives of process or product.
BS/MS in Materials Engineering required. PhD preferred.
Manager, Logistics
Manages the logistics operations for the organization, including
oversight of plant personnel.
Requires degree and 3 - 5 years related experience.
Manager, Product Development
Directs and guides the product development process for the
organization, including capital budgeting and project proposals.
Requires degree and 5 years related experience. Engineering
degree preferred.
Manager, Research
Leads research activities into future customer needs.
Requires degree and 5 years related experience.
121. Network Administrator
Installs, configures, and troubleshoots local area computer
networks and associated assemblies.
Requires a bachelor's degree in a related area and 0 - 2 years of
experience in the field or in a related area.
Packaging Engineer
Plans and directs activities concerned with design and
development of protective packaging containers.
Requires bachelors’ degree in packaging engineering.
Patent Specialist
Researches patents, investigates facts and prepares documents
to assist Lawyer in filing for patents. Follows through on patent
applications.
Requires paralegal certification, along with 1 - 3 years in patent
administration.
Payroll and Tax Clerk
122. Compiles payroll data to maintain payroll records. Files all
necessary payroll tax forms, ensuring accuracy.
Associates’ degree preferred, with 1 - 3 years of experience.
Payroll Manager
Supervises and coordinates activities of workers engaged in
recording hours of work, processing time records, compiling
payroll statistics, maintaining payroll control records and
calculating payrolls.
Requires degree and 5 years related experience.
President & CEO
Determine and formulate policies and business strategies and
provide overall direction of private sector organizations. Plan,
direct, and coordinate operational activities at the highest level
of management with the help of subordinate managers.
Product Specialist
123. Directs the development of a comprehensive product marketing
cycle in a post-development environment. Ensures that product
line statistics are maintained and analyzed. Assesses product
line performance compared with expectations.
Requires degree and 1 - 3 years related experience.
Production Control Technician
Coordinates and expedites flow of materials, parts and
assemblies between sections or departments.
High school diploma, or equivalent, along with 1 year of related
experience.
Production Employee
Performs repetitive bench or line assembly operations to mass-
produce products. Operates numerically-controlled machinery in
the production of high-quality plastic products.
High school diploma, or equivalent, along with appropriate
training on NC machinery.
Programmer Analyst
124. Analyzes requirements and develops computer programs.
Requires degree and 0 to 2 years of experience.
Purchasing Agent
Coordinates activities involved with procuring goods and
services such as raw materials, equipment, tools, parts and
supplies for organization.
Requires degree and 0 to 2 years of experience.
Purchasing Manager
Directs and coordinates activities of personnel engaged in
purchasing and distributing materials, equipment and supplies
in an organization.
Requires degree and 5 years related experience.
Quality Manager
Plans, coordinates and directs quality control program designed
to ensure continuous production of products consistent with
125. established standards.
Requires degree and 5 years related experience.
Recruiter
Recruits, researches, interviews, screens and refers job
candidates for job openings.
Requires degree and 0 to 2 years of experience.
Research Program Manager
Manages research and development activities for organizational
products, services or ideologies as assigned by Research.
Requires degree and 5 years related experience.
Safety Manager
Plans, directs and implements organization safety program to
ensure safe, healthy and accident-free work environment.
Requires degree and 5 years related experience.
126. Safety Technician
Inspects machinery, equipment and working conditions in
industrial or other setting to ensure compliance with
Occupational Safety and Health Administration regulations.
Requires degree and 0 to 2 years of related experience.
Sales Assistant
Provides administrative support (copying, word processing,
scheduling, etc.) for one or more managers. In addition,
provides limited sales advice directly to customers in support of
sales representatives.
Must have high school diploma and skilled at word processing,
use of spreadsheets and calendaring software.
Sales Representative
Sells products for manufacturer to business and industrial
establishments at customer's place of business.
Requires degree and 2 - 3 years of related experience.
127. Shipping Employee
Verifies and keeps records on incoming and outgoing shipments
and prepares items for shipment. Loads trucks and operates
forklift equipment.
High school diploma, or equivalent, along with appropriate
training on forklift equipment. Must pass and maintain
certification on forklift.
Senior VP R & D
Directs and coordinates activities of R & D and aids Chief
Executive Officer in formulating and administering organization
policies.
Tax Accountant
Prepares federal, state, or local tax returns of organization.
Assesses opportunities for reducing tax liabilities.
Requires bachelor’s degree in accounting, with a CPA, CMA or
MBA strongly preferred. Experience in corporate tax is also
preferred.
128. Team Superintendent
Directs and coordinates activities concerned with production of
company product(s).
Requires degree and 1 - 3 years related experience.
Telecommunications Specialist
Installs and repairs telecommunications systems and equipment.
Requires an associate's degree or its equivalent and at least 5
years of experience in the field or in a related area.
Training & Development Specialist
Develops and conducts training programs for employees of
organization.
Requires degree and 0 to 2 years of experience.
Transportation Coordinator
Compiles and computes freight rates, passenger fares and other
129. charges for transportation services, according to rate tables and
tariff regulations. Schedules inbound and outbound shipments.
High school diploma or equivalent.
Transportation Manager
Conducts studies on company freight and passenger
classifications, rates and tariffs and formulates changes required
to provide for increased revenues and profitability of
operations.
Requires degree and 3 - 5 years related experience.
VP International Operations
Directs and coordinates activities of international operations
and aids Chief Operating Officer in formulating and
administering organization policies.
VP Operations
Directs and coordinates activities of operations and aids Chief
Operating Officer in formulating and administering organization
130. policies.
VP Product Support
Directs and coordinates activities of product support and aids
Chief Operating Officer in formulating and administering
organization policies.
VP Sales & Marketing
Directs and coordinates activities of sales and marketing and
aids Chief Operating Officer in formulating and administering
organization policies.
VP Transportation
Directs and coordinates activities of the transportation
department and aids Chief Operating Officer in formulating and
administering organization policies.
Warranty Service Technician
131. Receives, records and distributes work orders to service crews
upon customers' requests for service. Repairs products under
warranty as needed.
High school diploma or equivalent, along with 1 year of related
experience.
Web Support Specialist
Supports Web-based products and services through email
support, desktop support and telephone support. Interacts with
customers and troubleshoots problems to provide a high level of
customer satisfaction.
Requires a bachelor's degree with at least 4 years of experience
in the field.
Human Resources
134. Annual Pay Adjustments
Compensation Philosophy
Employee and Labor Relations
Employee Recognition Programs
Global Operations
Key Jobs
Pay Grades
Recruitment & Selection Practices
Training & Development
Annual Pay Adjustments
The company has a process for annual performance evaluations
and pay adjustments, which happens on a fiscal year basis, with
all raises taking effect the first day of the new fiscal year.
Managers complete a performance appraisal with each employee
using a behaviorally-anchored rating scale. At the end of the
performance appraisal, each employee receives an overall rating
of “does not meet expectations” “meets expectations,” or
“exceeds expectations.” Managers receive a pool of merit
increase dollars, which are divided among employees using the
following matrix (where “x” is the average percentage of wage
increase). Managers may not allocate more money for raises
than they receive in their increase budget.
135. Does Not Meet
Meets
Exceeds
Position in relation to the external market … Above market
median
0
½x
1x
Position in relation to the external market … Near market
median (+ or – 10%)
0
1x
1.5x
Position in relation to the external market … Below market
median
0
136. 1.5x
2x
^Top
Compensation Philosophy and Rewards Practices
Our Employees
· We will maintain an innovative and team-oriented working
environment.
· 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.
Other Factors
· R & D is critical to the mission (industry leader in identifying
industry trends).
· Exceeding ISO 9000 standards is important to the
organization.
137. Compensation Philosophy
The purpose of the pay program at Riordan Manufacturing is to
help the company achieve its mission and goals by attracting,
motivating and retaining the most highly-qualified people, with
a particular focus on attracting people in critical disciplines
such as R & D and quality. Base pay opportunities will be
competitive by targeting the median of the appropriate external
comparative group for average or satisfactory performance.
Because we are focused on creating a team oriented working
environment, teams who perform in an above average manner
will have the opportunity to earn variable pay to improve their
competitive pay position. The company is closely held,
therefore, stock options will be available only to officers of the
corporation.
Our pay bands are broad ranges which allow for considerable
flexibility in rewarding individual performers based on their
specific skills and contributions. We expect managers to make
base pay decisions based on market information, which is
provided annually during the salary review process.
Incentive plans for teams are developed individually, based on
the specific results that each team is expected to achieve.
138. Because we want to properly support our employees, we will
offer the following benefits to all full-time, U.S. employees, in
addition to those benefits required by law, such as social
security and workers’ compensation.
· Health insurance for employees and their dependents
· Dental insurance for employees and their dependents
· Life insurance for employees
· Flexible working schedules, when approved by individual
managers or teams
· 401(k) savings program, with a company match
· Vacation (schedule varies with seniority)
· Paid holidays
· Educational assistance/tuition reimbursement
We also provide the following benefits through our flexible
benefits program.
139. · Child care reimbursement account
· Medical reimbursement account (flexible spending account)
International pay and benefits are based on applicable laws in
the country in which we operate.
^Top
Employee and Labor Relations
Currently, all of Riordan’s facilities are non-union facilities.
Employee relations are part of the Human Resources
department.
Key employee relations policies include the following:
1. The company has an “open-door” policy, where employees
are encouraged to share any concerns with higher-level
supervisors if they are not satisfied with a supervisor’s
decision. The process is loosely defined, and employees do not
have a formal process for appealing supervisory decisions.
2. There is an employee handbook given to employees on their
140. first day of employment. Employee policies, such as attendance,
etc. are explained in the handbook. Employees are encouraged
to read and understand the handbook.
3. Safety technicians are in place to encourage safe and healthy
work practices.
The Pontiac facility is a provider of parts to the automotive
industry. To date, there have been no attempts by any union to
organize the facility; however, there are rumors that an
organizing drive may be focused on the plant during the next 12
months. While the company has officially agreed to remain
neutral if there is an organizing campaign (as required in its
vendor agreement), unofficially, company officials are opposed
to unionization and would prefer to stay union-free.
^Top
Employee Recognition Programs
In addition to compensation and team-based incentives, the
company has some programs for recognizing outstanding
employees.
141. 1. Outstanding Employee Award — One employee per year is
named as the outstanding employee of the year. Employees are
nominated by their peers, and a committee of executives and
employees selects the winner. The criteria for this award are as
follows:
a. Performed above and beyond normal job duties
b. Demonstrated a high level of teamwork and support for
others
c. Modeled respect for diversity
2. Employee Suggestion Program — Employees can make
suggestions for improving products or the work process. When a
suggestion is adopted, employees receive a $25 check for their
contribution and their picture in the company newsletter.
3. Seniority Awards — These awards are given to employees
upon their first, fifth, tenth, and 20th year of employment, as
follows:
a. One year — 1 day off with pay
b. Fifth year — Silver company logo lapel pin
142. c. Tenth year — Gold company logo lapel pin
d. 20th year — Gold watch and induction into the “20-year
club” – Annual dinner with Riordan president for the club.
^Top
Global Operations
The company has a joint venture facility in Hangzhou, China,
where plastic fan parts are produced. Riordan owns 60% of the
joint venture, and the plant manager is an expatriate from the
United States who is one year into a three-year assignment. All
of the other employees are host-country nationals.
The plant manager is compensated on a home-country based
method. His pay level is comparable to that of the plant
managers in Pontiac and Albany. The plant manager also
participates in a management incentive plan, which is based on
overall corporate performance, not performance of the joint
venture.
Specific allowances for expatriate duties include the following:
143. · Foreign service premium — 25% of base pay
· Home visit leave — One visit to the US per year with his
family (not counted as part of regular vacation)
· Relocation benefits
· Educational assistance for two children (tuition at a school for
English-speaking students)
· Housing allowance
· Cost of living adjustment based on international survey data
The company uses a balance sheet approach in calculating
benefits, including equalization of taxes.
The manager has been asked to develop a host-country national
who can assume the plant manager position at the end of his
three year assignment and the manager will receive a one-time
incentive payment if he does this successfully.
Engineering personnel may travel between the US and China for
specific projects, but there are no expatriate engineers from the
144. US in China, and no Chinese employees currently work in the
US operations.
^Top
Key Jobs
As a company that specializes in leading in R & D, engineering
jobs, particularly in R & D are critical. In addition, those who
work on patent and legal issues are very important to the
organization.
Another group of employees that are very important to
operations are the CAM support specialists—most of the
products manufactured are produced by NC machinery. If this
machinery is down, production schedules cannot be met.
^Top
Pay Grades
Pay Grades
Jobs Included
145. FLSA Status
# of Incumbents
Executive Band
All Officers, Vice Presidents and Directors
Exempt
21
Manager
All positions with supervisory responsibility
Exempt
25
Professional
All other exempt professional positions - no supervisory
responsibility
Exempt
147. Production
All production and shipping employees
Nonexempt
127
Remaining employees are in China and on a home-country pay
system.
^Top
Recruitment and Selection Practices
Riordan Manufacturing currently recruits employees primarily
from outside the organization for entry-level jobs, whether they
148. are hourly or professional. The company also recruits most
engineering staff from outside the organization. The
organization uses the following methods for recruitment:
· Online advertisements at Monster.com
· Local newspaper advertisements
· Employee referrals
· Use of employees from temporary agencies
· Attendance at engineering conferences
There is a formal job-posting process in the company when
there are openings. However, the company does not pay for
relocation from one facility to another unless the position has
budgeted for relocation as part of the hiring process. In the past
two years, two managerial positions have been filled by internal
candidates. There is currently no formal succession planning
process.
The company uses contract workers for some engineering work,
international sales and IT support in China. It has some part-
time jobs, and there are two women who job-share in the
149. corporate office. Benefits administration has been outsourced to
a third-party provider.
Riordan is a small employer in both Pontiac and Albany and
sometimes has trouble attracting the types of employees it
would like. It also has had some difficulty attracting employees
in San Jose although its reputation is somewhat better there.
Average turnover rates are low; most employees have been with
the company for longer than two years.
The selection process uses the following tools:
· Application
· Résumé review
· Face-to-face interviews with the HR recruiter
· Face-to-face interviews with hiring managers (In the case of
production teams, these are group interviews with team
members.)
The company does not conduct reference checks and does not
use any form of testing, other than testing all prospective
150. employees for drugs using standard testing methods.
The company has no federal contracts and does not have any
affirmative action plans or goals.
^Top
Training & Development
Riordan provides the following mandatory training for all
employees within 90 days of hire:
· New employee orientation (1 day) — offered once per month
· Six Sigma — for all production, shipping and quality
employees
Supervisors are also expected to attend the following workshops
within 12 months of becoming a supervisor:
· Interviewing guidelines
· Preventing EEO claims and sexual harassment in the
workplace
151. · Performance reviews
Self-directed teams operate throughout the plants in Pontiac,
Albany and China. Team members cross-train on jobs within the
team, as well as attend training sessions on goal setting,
scheduling, selection processes and managing conflict. These
are provided on an “as-needed” basis by the HR employee
relations specialist at each site.
The company offers tuition reimbursement for work-related
educational activities.
The company will also pay for professional organization fees
for engineers in order to encourage them to stay current in their
field.
Human Resources
154. The company’s HRIS system was installed in 1992. It is a part
of the financial systems package and keeps track of the
following employee information:
· Personal information (such as name, address, marital status,
birth date, etc.)
· Pay rate
· Personal exemptions for tax purposes
· Hire date
· Seniority date (which is sometimes different than the hire
date)
· Organizational information (department for budget purposes,
manager’s name, etc.)
· Vacation hours (for non-exempt employees)
Changes to this information are submitted in writing (on special
forms) by the employee’s manager and are entered into the
system by the payroll clerk.
155. Training and development records are kept in an Excel
worksheet by the training and development specialist.
Each recruiter maintains applicant information for open
positions. Résumés are filed in a central storage area, and an
Excel spreadsheet is used to track the status of applicants.
Workers’ compensation is managed by a third-party provider,
which keeps its own records.
Employee files are kept by individual managers; there is no
central employee file area. Managers are also responsible for
tracking FMLA absences and any requests for accommodation
under the ADA.
The compensation manager keeps an Excel spreadsheet with the
results of job analyses, salary surveys and individual
compensation decisions.
Employee relations specialists track information about
complaints, grievances, harassment complaints, etc. in locked
files in their offices.
156. Communications_Memo_-_Riordan_2.pdf
M E M O R A N D U M
To:
Charles Williamson, Dale Edgel, Lowell Bradford, Clyde Cousi
ns, Maria Trinh, Robert
Lord
From: Hugh McCauley
Re: China Relocation
Confidential
Our initial decision to locate our China operations in Hangzhou
was driven largely by the fact
that our Chinese partners already had facilities there and the cit
y’s proximity to the Qiantang
River. We thought that the river access which led on to Hangzh
ou Bay would be sufficient to
handle our shipping needs.
As the production volume from the China plant has increased, w
e are seeing that significant
157. savings can be had by utilizing container shipping companies su
ch as the China Shipping
Container Lines, a branch of the China Shipping (Group) Compa
ny. Most of the container
shipping companies utilize ports in Hong Kong and Shanghai.
While the Shanghai port is only 180 kilometers away from our c
urrent location, we are incurring
additional logistical steps in shipping out of Shanghai.
•
Currently, our products are trucked to a port on the Qiantang Ri
ver and loaded into
shipping containers. The containers are then loaded onto barges
that make their way to
the Shanghai port. The barges dock in Shanghai where the cont
ainers are offloaded
and trucked to another area of the port where they are loaded on
to to the ships that will
take them to their final destinations.
•
Alternatively, we could transport the products by truck to the po
rt at Shanghai where
they would be loaded into containers and then directly onto the
158. ships that will be taking
them to their final destinations. However, the trucking compani
es, knowing that they are
being used as an alternative to the local shipping companies to
move the same products
to the Shanghai ports, generally charge just as much as the ship
ping companies for the
same volume of goods.
We believe that the relocation of the China operations to the cit
y of Shanghai will result in
significant cost savings, will provide our operations with a more
substantial urban infrastructure
and will put us into a better position to market and ship our Chi
nese products throughout Asia
and Europe.
China Relocation Memo
Page 2
We have incorporated a move of the China operations to Shangh
ai within the next five years
into the strategic planning of Riordan Manufacturing and Riorda
159. n Industries. Please begin
drafting strategic plans for how such a move will impact your ar
eas of responsibility and how
your areas will facilitate the relocation.
Capital_Budget_Executive_Summary_-_Riordan_3.pdf
Riordan Manufacturing, Inc.
Capital Budget Executive Summary
FY 2005
Financial Reporting Systems
As discussed in the Finance and Accounting section of the
Riordan Intranet site, the financial
reporting systems need a complete overhaul. Extensive research
has revealed a state-of-the-
art system that will resolve many of the issues discussed. The
remaining issues will be resolved
160. with internal policy changes and additional training.
The cost of this system is $1,350,000. Riordan’s CFO has
agreed to make two cash payments
of $250,000 each in January and April. The remaining amount
will be financed through the
bank at an annual interest rate of 8%. The loan will be for a
term of 60 months beginning on
May 1st of 2005. The CFO has incorporated the $250,000
payments into the cash flow forecast
but has not had time to build in the interest expense to the
financial forecasts.
Manufacturing Equipment
The VP of Manufacturing has submitted a capital budget calling
for $1 million of new
manufacturing equipment and supplies. He estimates that this
equipment will result in annual
operating savings of $250,000 over the next six years. The
equipment will be depreciated on a
straight-line basis for internal reporting purposes. This project
has not been incorporated into
the company’s financials at this time. The VP would like to
place the equipment in service on
161. June 30th of this year.
Miscellaneous Capital Items
The CFO has placed $350,000 into the cash budget as an
outflow in July to cover other capital
items that may be required.
Cost of Capital
Riordan Manufacturing’s holding company, Riordan Industries,
is willing to fund projects as long
as their hurdle rate of 12% is met or exceeded and a positive net
present value can be
Riordan Manufacturing, Inc.
Capital Budget Executive Summary
FY 2005
Page 2
demonstrated. The CFO will propose that the manufacturing
162. equipment discussed above be
funded through Riordan Industries.
Economic_Forecast_-_Riordan_4.pdf
ECONOMIC FORECAST FOR RIORDAN
MANUFACTURING
June 16, 2005
163. Riordan Manufacturing is a global plastics manufacturer with
projected annual
earnings of $46 million. The company is wholly owned by
Riordan Industries.
Riordan Industries is a Fortune 1000 enterprise with revenues in
excess of $1
billion. Riordan Manufacturing is an industry leader in the field
of plastic injection
molding creating innovative plastic designs that have earned
international
acclaim. Riordan Manufacturing uses state-of-the art design
capabilities in its
processes to facilitate extreme precision and enthusiastic quality
control. Riordan
Manufacturing’s products include plastic bottles, fans in all
sizes, heart valves,
medical stents, and custom plastic parts. The firm’s major
164. customers and
markets include; automotive parts manufacturers, aircraft
manufacturers,
beverage makers and bottlers, appliance manufacturers, health
care, and the
Department of Defense. The firm has operations in Georgia,
Michigan, California,
and a joint venture in China and employs over 300 employees
plus 250
employees in its joint venture in China. The firm’s products
include plastic
beverage containers produced at its plant in Albany, Georgia,
custom plastic
parts produced at its plant in Pontiac, Michigan, and plastic fan
parts produced at
its facilities in Hangzhou, China. Research and development is
done at the
corporate headquarters in San Jose.
Economic Overview
The markets for plastic bottles, fans, and custom plastic parts
are affected by
changing economic conditions. As a result, it is the impact of
the economy on
165. Riordan Manufacturing’s major customers and markets that
must be analyzed in
order to determine how the future direction of the economy will
affect Riordan
Manufacturing. Automotive parts manufacturers, aircraft
manufacturers, and
appliance manufacturers are all impacted by the strength of the
overall economy,
and appliance manufacturers are also affected by the strength of
the housing
market. Beverage makers and bottlers are impacted by changes
in demand for
the drink products that are contained in the bottles they
produce, but overall
demand for drink products is only marginally affected by the
overall economy. In
general, it can be assumed that a strong economy will support
continued sales of
the products produced by beverage makers and bottlers, but the
competitive
business decisions made by Riordan Manufacturing’s customers
are significant.
The demand for heart valves, medical stents, and health care
services in general
166. is primarily affected by demographic trends and the availability
of health
insurance. The question related to health insurance is too
uncertain to analyze
here. The demographic question is easier to address. The baby
boomer group
includes more than one-fourth of the population in the United
States, and as it
ages, it is natural to assume that the demand for health care
services, including
heart valves, medical stents, will increase as this demographic
cohort ages.
The Department of Defense is another customer whose demand
is largely
unaffected by changing economic conditions. The ability of the
Department of
Defense to meet its current and anticipated obligations is
affected by funding and
appropriations. The Congressional Budget Office’s March 2005
Baseline for
Discretionary Spending for Defense indicates $422 billion in
167. 2005 and $432 in
2006 following $486 billion in 2004 (figure impacted by the
ongoing wars). These
figures indicate continued strong levels of discretionary
spending for defense.
Given the above, it is important to consider future economic
conditions when
planning for the next two years for the demand by appliance
manufacturers,
automotive parts manufacturers, aircraft manufacturers, and to a
lesser extent
beverage makers and bottlers. The focus here will be on real
GDP growth,
inflation, labor cost, and the value of the dollar, interest rates,
and transportation
and shipping costs (fuel prices). More detailed discussion
related to the
appliance, automotive parts, and aircraft markets will also be
presented below.
Real Gross Domestic Product (GDO) Growth
The United States economy has shown some weakness during
the first half of
2005. This weaker growth has led to a slight decrease in
168. estimates for economic
growth in 2005 and 2006. One reason for this relative weakness
in the economy
is the large and persistent trade deficit, a factor that continues
to reduce
estimates for economic growth. The high level of oil prices is
another important
contributor to weaker than expected economic growth early this
year. Consumers
are adjusting to the reality that oil prices will remain high
rather than being a
temporary event, and even if oil prices fall the decrease will be
small. Another
problem confronting the economy is the weak labor market. One
last factor was
the end of accelerated depression. On the positive side,
consumer demand
continued to be strong, and capital spending has been stronger
than expected.
An important contributor to economic growth starting in 2001
has been very
stimulative fiscal and monetary policies. We should expect
slower increases in
government spending, and possible tax increases in 2006 in
169. order to reduce the
government budget deficit from excessively high levels. At the
same time, the
Federal Reserve has been raising its target for the Federal Funds
rate. This
should continue throughout at this year. These policies should
tend to reduce
economic growth in the near future. The greatest immediate
uncertainty is the
impact of these policies on long-term interest rates. Long-term
interest rates are
more impacted by the bond market than Federal Reserve policy.
To summarize, the economy will continue to demonstrate slower
but still a good
level of economic growth. Consumer spending will moderate,
capital spending
should continue show relative strength, the housing market will
slow only to
strong rather than the very strong levels we see today. Lower oil
prices will tend
to support economic growth. A stabilizing factor for consumer
spending will be
the large increase in the net worth of households we have seen
due to the strong
170. housing market. Offsetting these positive trends will continue to
be the sizeable
trade deficit, slightly higher interest rates, and high levels of
household debt.
Percent Change-Gross Domestic Product (GDP) 2004 2005 2006
Congressional Budget Office – January 2005 4.40% 3.80%
3.70%
Mortgage Bankers Association – May 2005 4.40% 3.40% NA
National Association for Business Economics – May 2005
4.40% 3.40% 3.40%
RSQE Forecasts – May 2005 4.40% 3.30% 3.50%
The Value of the Dollar
The large trade deficit will lead to further declines in the trade
weighted value of
171. the dollar. This decline will lead to the dollar/euro exchange
rate continuing to
equal about 1.25 dollar to the Euro. Uncertainty due to the
rejections of the
constitution for European Union will lead to a short-term
increase in the value of
the dollar relative to the Euro, but this trend will not persist due
to the trade
deficit. The dollar should also lose value relative to the yen. It
is expected that
China will not maintain its currency peg with the dollar and as a
result the value
of the dollar will decline relative to China’s currency, but this
decline will not be
significant. It is expected that foreign exporters, including those
from China, will
be will to accept lower profits rather than raising prices and
risking losing market
share. It is the persistently large trade deficit caused by the
combination of the
relatively strong economy in the United States, the relatively
weak economies of
the majority of our trading partners, and continued strong
consumer spending in
the United States, that will ultimately lead to a weaker dollar.
172. Real Trade-Weighted Value of the U.S. Dollar-Broad Index
2004 2005 2006
National Association for Business Economics – May 2005 99.8
96.0 94.2
RSQE Forecasts – May 2005 /1 99.8 95.2 90.3
Note:
/1 Based on the actual value in 2004 and forecasted percent
changes.
Inflation Rate
High oil prices, and to a lesser extent the weaker dollar, are
contributing to raised
expectations for inflation. An expected decrease in the rate of
increase in labor
productivity is another factor that it contributing to higher
inflation expectations.
On the other hand, there are factors that are contributing to
lower inflation
expectations. These include the fact that while it is expected
that the rate of
increase in labor productivity will decline, productivity gains
173. are still relatively
good or at least on trend. Other important factors are the
relatively weak labor
market (wage gains should be small but on an increasing trend),
the expectation
that Federal Reserve policies will restrain inflation, strong
competition in the retail
market, and strong international economic competition. These
factors all balance
to forecasts for the inflation rate continuing to be less than
3.00%.
Percent Change-Consumer Price Index (CPI) 2004 2005 2006
Congressional Budget Office – January 2005 2.70% 2.40%
1.90%
Mortgage Bankers Association – May 2005 2.70% 3.00% NA
National Association for Business Economics – May 2005
174. 2.70% 2.80% 2.50%
RSQE Forecasts – May 2005 2.70% 2.90% 2.40%
Labor Costs
Labor costs are expected to increase during the course of the
next two years.
Continued economic growth will lead to higher payrolls and
begin to exert greater
upward pressure on wages. In addition, decreases in
productivity growth to levels
more consistent with long-term trends will lead to increases in
labor costs per unit
of output. Another important factor is the continued fact that
the costs of
providing benefits, especially health benefits, will continue to
increase at an
above average rate.
Unemployment Rate 2004 2005 2006
Congressional Budget Office – January 2005 5.50% 5.20%
5.20%
Mortgage Bankers Association – May 2005 5.50% 5.20% NA
175. National Association for Business Economics – May 2005
5.50% 5.20% 5.10%
RSQE Forecasts – May 2005 5.50% 5.20% 5.00%
Percent Change-Employment Cost Index 2004 2005 2006
Congressional Budget Office – January 2005 2.70% 3.10%
3.30%
Percent Change-Private Nonfarm Compensation/Hour 2004 2005
2006
National Association for Business Economics – May 2005
4.50% 4.20% 4.40%
Interest Rates
The Federal Reserve is expected to raise the Federal Funds rate
through the
balance of this year. This will allow the Federal Reserve to
raise short-term rates
to a level that is considered “neutral” and will allow the Federal
Reserve to have
the flexibility needed to act if the economy weakens
176. unexpectedly. This will
contribute to restraining inflation in the face of continued
economic growth and
increases in inflation expectations due to high oil prices. The
effect of this will be
higher short-term lending rates.
Long-term interest rates should also increase but at a slower
rate. The reason for
this is continued relatively low inflation expectations discussed
above. The
biggest contributor to the low interest rates the economy has
experienced
recently has been relatively low inflation expectations. The
reasons for this
include the still relatively poor labor market, wage increases
less than the
inflation rate contributing to the expectation that aggregate
demand will suffer in
the future, domestic and foreign competition restraining price
increases, and the
belief that the Federal Reserve will act to control the inflation
177. rate. The effect of
the higher short-term interest rates identified above is slightly
reduced rates of
economic growth, a factor that will tend to reduce increases in
long-term interest
rates. Another important factor is continued demand for long-
term U.S. Treasury
bonds by foreign central banks and other foreign investors, an
activity supported
by the dollars received by foreign firms due to the large U.S.
trade deficit
discussed above. The impact of this is lower long-term interest
rates. The
reliance on foreign investors to support increased borrowing by
the U.S.
government and American consumers and firms may not be
sustainable raising
the risk that long-term interest rates may increase. This suggests
that financing
to expand operations, replace equipment, or other purposes,
should be secured
sooner rather than later.
Federal Funds Rate 2004 2005 2006
178. Mortgage Bankers Association – May 2005 1.35% 3.10% NA
National Association for Business Economics – May 2005
1.35% 3.20% 4.00%
3 – Month Treasury Bill Rate 2004 2005 2006
Congressional Budget Office – January 2005 1.40% 2.80%
4.00%
RSQE Forecasts – May 2005 1.40% 3.10% 3.80%
10 – Year Treasury Rate Yield 2004 2005 2006
Congressional Budget Office – January 2005 4.27% 4.80%
5.40%
Mortgage Bankers Association – May 2005 4.27% 4.50% 5.10%
National Association for Business Economics – May 2005
4.27% 4.58% 5.20%
RSQE Forecasts – May 2005 4.27% 4.70% 5.40%
Fuel Prices
179. Oil prices at level above $50 per barrel as they are now are
much higher than
they were at this time last year. However, despite the significant
increases in
demand we have seen from China and India, it is expected that
slower world
wide economic growth and increases in supply should lead to
prices below $45
per barrel by next year.
As reported in the May, 2005, NABE Outlook, a National
Association for
Business Economics panel’s average response to a request for a
forecast of the
price of West Texas Intermediate oil (WTI) at the end of
calendar year 2005 was
$46.17 per barrel. This compares to prices that are currently in
the range of $50
to $55 per barrel. RSQE Forecasts reported in their report, The
U.S. Economic
Outlook for 2005-2006, Executive Summary: May 2005, the
expectation that the
180. average price per barrel will fall to $47 per barrel by year-end
2005 and $38 per
barrel by year-end 2006.
Jet Fuel Prices (FY 2004 $) 2004 2005 2006
Federal Aviation Administration 101.73 126.96 117.38
Appliance Manufacturers
Sales of appliances are influenced to a great extent by the
strength of the
housing market. People tend to purchase new household
appliances when they
purchase a new or existing home. Given this, it is important to
evaluate the
housing market and its future strength. The strength of the
housing market during
recent years has been fueled by low interest rates. Other factors
include the
relatively strong economy, increasing home prices, uncertainty
related to the
financial markets since the stock market bubble burst in 2000,
and moves to
perceived secure assets after 9/11. The future strength of the
housing market will
181. also be affected by changes in these factors. Since relatively
low interest rates
have been the greatest contributor to the strength of the housing
market, the
future strength of the housing market will also be affected by
changes in interest
rates in the future.
30 – Year Fixed Rate Mortgage 2004 2005 2006
Mortgage Bankers Association – May 2005 5.80% 5.90% 6.30%
National Association of Homebuilders – May 2005 5.80%
5.90% 6.60%
RSQE Forecasts – May 2005 5.80% 6.10% 6.80%
As of June 3, 2005 the 10-Year Treasury rate Yield equaled
approximately 3.95
percent, the 30-Year Fixed Rate Mortgage rate equaled 5.65
percent, and the
15-Year Fixed Rate Mortgage rate equaled 5.25 percent. Given
the above
forecasts, and conditions that should tend to limit further
increases in the inflation
182. rate, I expect only marginal increases in the 15 and 30-Year
mortgage rates
between now and the end of this fiscal year, and only .75 to
1.00 percentage
point increases in mortgage rates by the end of Fiscal Year
2006. This implies
continued strength in the housing market.
Housing Starts (Thousands) 2004 2005 2006
Mortgage Bankers Association – May 2005 1,952 1,947 1,790
National Association of Home Builders – May 2005 1,952 1,936
1,820
National Association for Business Economics – May 2005 1,952
2,000 1,800
RSQE Forecasts – May 2005 1,952 2,007 1,894
These forecasts, when compared to historical data, indicate the
expectation that
the national housing market will continue to be relatively
strong. It is likely that
183. there will be real estate markets that will experience weakness
due to the
potential for corrections or declines in home prices. If this
occurs, this will largely
be confined to markets on the west coast, Florida, and some
markets in the New
England area. It is suggested that these local markets be
monitored in order to
plan sales and marketing efforts. Overall, it the data and
forecasts related to
long-term interest rates and mortgage rates, and housing starts,
is positive in the
near term suggesting that the demand for appliances will
continue to be strong.
Automotive Parts Manufacturers
Sales of automotive parts are greatly affected by light vehicle
sales, a variable
that is greatly affected by changes in real GDP. Projections are
for little change in
sales of light vehicles. The reason for this is the expectation
that economic
growth measured by changes in real GDP should be moderate,
184. and interest rates
are expected to continue to be relatively low. These conditions
are good for
consumer spending on all items, including automobiles and
other light vehicles.
The important risk to monitor is a decrease in domestic
automobile production
due to weak sales.
Light Vehicle Sales (Millions of Units) 2004 2005 2006
National Association for Business Economics – May 2005 16.8
16.7 16.8
RSQE Forecasts – May 2005 16.8 16.8 17.1
Aircraft Manufacturers
The details presented above relate to overall economic
conditions and interest
rates supports continued purchases of new aircraft by airliners
and other
businesses. The economy will continue to demonstrate relatively
slow if not
spectacular economic growth. Consumer spending will
moderate, but the trend
185. continues to be positive. The inflation rate will be less than
3.00%, low enough to
not pressure consumers too much to limit airline travel. Short
and long-term
interest rates are both expected to increase only moderately.
This suggests that
financing the acquisition and construction of aircraft will
continue to be feasible.
Finally, relatively high fuel prices will continue to encourage
the purchasing of
new aircraft to promote fuel efficiency and reduce costs. This
indicates continued
strong demand for Riordan Manufacturing’s products by aircraft
manufacturers.
The following forecasts by the Federal Aviation Administration
support these
trends.
Passenger Jet Aircraft – Total Jets 2004 2005 2006
Federal Aviation Administration 4,046 4,151 4,320
Cargo Jet Aircraft 2004 2005 2006
Federal Aviation Administration 974 996 1,011
186. Summary
The data presented to this point indicates positive economic
conditions for
Riordan Manufacturing and opportunities to leverage relatively
low interest rates
into new investments to enter new markets and increase
productivity. Economic
growth is expected to be steady, although at a lower rate than
2004 level of
4.40% growth in real GDP. The inflation rate may decline, and
interest rates will
increase moderately. Oil prices are expected to fall, and as a
result, reduce
transportation and shipping costs. The value of the dollar will
decline, marginally
improving export opportunities. If China removes its practice of
pegging its
currency to the dollar then sales by the China joint venture may
decline a little but
187. not significantly. The labor market should strengthen and this
will result in larger
payrolls nationally and higher labor costs for Riordan
Manufacturing, but also will
support consumer spending. The appliance and aircraft markets
are expected to
continue to be strong. Projections for sales of automobiles
suggest consistent
sales of automotive parts, but Riordan Manufacturing should
expect pressure
from domestic automakers to cut costs. Continued sizeable
increases in the
costs of providing employee benefits are highly likely to
continue. Despite this
particular issue related to costs, the stable economy described in
the forecast
presented above should provide for the basis to at least meet the
firm’s sales
goals.
Sources for reputable forecasts include:
1. Mortgage Bankers Association of America includes mortgage
finance
information and economic forecasts. This is a resource for
188. information
related to residential finance, commercial and multifamily
finance including
industry surveys and statistics, state and local Mortgage
Bankers
Association initiatives, and conferences. Mortgage and market
data
including interest rate data, reports on housing activity, special
reports are
also available. The address is: http://www.mbaa.org/
2. National Association of Homebuilders Resources here
includes
economic and housing data including economic forecasts.
Additional
information include details about NAHB, Home Builders
Institute, NAHB
Research Center, National Housing Endowment, publications,
news, and
resources related to land development and housing. The website
address
is: http://www.nahb.com/
3. See the Congressional Budget Office for current budget and
economic
189. forecasts, publications, and other budget and economics
information. The
website address is: http://www.cbo.gov/
4. RSQE Forecasts is another source for economic forecasts and
other
economics information. RSQE Forecasts is published by
Research Seminar
in Quantitative Economics, University of Michigan. The website
address is:
http://rsqe.econ.lsa.umich.edu/
5. National Association for Business Economics (NABE) is an
excellent
resource for professional economics. Membership in NABE is
required to
view forecasts and other resources. The website address is:
http://www.nabe.com/
http://www.mbaa.org/
http://www.nahb.com/
http://www.cbo.gov/
http://rsqe.econ.lsa.umich.edu/
http://www.nabe.com/
190. 6. Federal Aviation Administration is an excellent source for
economic
forecasts, and forecasts and actual data related to the aviation
industry. The
website address is: http://www.faa.gov
Economic OverviewReal Gross Domestic Product (GDO)
GrowthThe Value of the DollarInflation RateLabor
CostsInterest RatesFuel PricesAppliance
ManufacturersAutomotive Parts ManufacturersAircraft
ManufacturersSummarySources for reputable forecasts
Finance_Accounting_-_Riordan_5.doc
Finance & Accounting
Home | Overview | Balance Sheet | Income Statement | Budgets |
Economic Forecast | Communications | Product Inventory |
Invoices
Riordan Manufacturing has three operating entities…Georgia,
Michigan and California…plus a joint venture in the People’s
Republic of China. Basically, the operating entities each have
their own Finance & Accounting Systems and they provide
191. input that is consolidated at Corporate…San Jose. The basic
components of each system are as follows:
· General Ledger
· Accounts Payable
· Accounts Receivable
· Order Entry
· Procurement
· Sales and Purchasing History
· Invoicing and Shipping
· Payroll
· Financial Reporting
· EDI*
· Bar Code Reading*
· EDSS (Executive Decision Support System)*
192. *San Jose Only
Background:
During the due diligence process in which Riordan acquired the
operating entities in Michigan and Georgia the matter of F & A
System’s compatibility was not addressed.
Current Situation Regarding F & A Systems:
· San Jose has a license for a fully integrated Windows based
ERP manufacturing, distribution and financial management
software application specifically designed for plastics
processors and process and assembly manufacturers. The license
does not include application source code.
· Michigan had purchased a vendor developed software
application and the attendant source code for their Fd & A and
process application. The vendor is no longer in business. The
application runs on a pair of DEC Alpha’s, using the VMS
operating system, VAX4000 work stations and programmed in
C.
· Georgia had purchased a vendor (different from Michigan)
193. developed software application and the attendant source code
for their F & A and manufacturing process applications. The
systems run on a pair of AS400’s, using UNIX operating
system, use PC’s (Windows) as workstations, and is
programmed in RPG400.
Challenge:
The F & A Department has been unable to achieve anything
remotely resembling “seamless compatibility”. Some F & A
data is provided to corporate via data files; some data is
provided via hardcopy reports and must be re-entered; some
data is provided via data files but must be converted
(redirected) to the proper account codes and the list goes on.
Subsequently, Riordan has the following situation regarding F
& A system outputs at the consolidated level:
· Consolidated close of the General Ledger and subsequently the
Income Statement and Balance Sheet is labor intensive and
normally not completed until 15-20 days after month end.
· Audit (to include external auditors) is required each month
and is costly and labor intensive.
· Compliance with new government required reporting
194. requirements at the consolidated level is difficult at best.
· Riordan Enterprises finds the situation unacceptable and has
mandated a solutions(s)/alternatives be recommended soonest.
NOTE: This situation is transparent to customers and suppliers
as each operating entity has maintained invoicing, payments,
etc., as was prior to acquisition.
Finance & Accounting
Home | Overview | Balance Sheet | Income Statement | Budgets |
Economic Forecast | Communications | Product Inventory |
Invoices
Download Historic Balance Sheet Data
Riordan Manufacturing, Inc.
Consolidated Balance Sheet
196. $6,062,838
$5,657,216
Current Portion of Notes Receivable
$70,825
$117,888
Inventories
$7,850,970
$7,854,112
Deferred Income Taxes - net
$328,832
Prepaid Expenses and Other Items
$264,896
198. $18,511,360
Intangible Assets - net
$329,405
$336,128
Other Assets
$52,768
$54,400
Total Assets
$34,592,182
$33,856,256
Liabilities and Stockholders' Equity
199. Current Liabilities
Current Portion of Long-Term Debt
$1,219,258
$1,106,304
Accounts Payable
$3,650,073
$3,573,248
Accrued Liabilities
$1,350,144
$1,350,144
Income Taxes Payable
$754,619
201. Total Liabilities
$12,476,927
$12,160,256
Common Stock
Stated par value is $.01.
20,000,000 shares authorized.
Issued and Outstanding 15,801,332 net of treasury shares.
$29,055,488
$29,055,488
Other Accummulated Comprehensive Losses
($202,496)
Accumulated Deficit
203. Download Historic Income Statement Data
Riordan Manufacturing, Inc.
Income Statement
For the 12 months ending September 30, 2005
2005
2004
Sales
$50,823,685
$46,044,288
Direct Cost of Goods Sold
$42,037,624
$37,480,050
Gross Margin
$8,786,061
$8,564,238
204. Operating Expenses
Sales, Marketing & Other
$1,012,974
$920,886
Depreciation
$343,445
$349,937
Quality Assurance
$1,139,688
$1,095,854
Research & Development
$911,676
$828,797