Riordan Manufacturing In Amended Budget Virtual Organization

Feb 3rd, 2012
Studypool Tutor
Price: $40 USD

Tutor description

Riordan Manufacturing In Amended Budget Virtual Organization

Word Count: 591
Showing Page: 1/5
Name:Institution:Professor:Date:Riordan Manufacturing Virtual OrganizationRiordan Manufacturing Virtual OrganizationRiordan Manufacturing is a Fortune 1000 company that is fully owned by Riordan Industries. It is a virtually run business meaning that its various business functions are distributed among different virtual business partners, with Riordan only assembling and selling the finished products. The company is headquartered in Albany; Georgia with its virtual partners spread globally mostly in China and South East Asia. Riordan manufactures Medical Stents, Heart Valves, plastic bottles and fans. The company employs over 550 employees distributed in its various branches. Riordan Industries will use the quantitative forecasting method to forecast future electric fans demand. Quantitative method forecasts future demand using past recorded data. As a firm which has been in existence for some time now and thus has access to past data. This method is effective when the company seeks to conduct forecasts to help in making short term or intermediate decisions. The company will make use of the Time Series Forecasting method which is a type of quantitative forecasting method. This involves measuring past data over time to come up with future trends. It involves collecting past data over hourly, daily, weekly, monthly, yearly or more than one year intervals. The past year data on sales and production of electric fans will be analyzed and the result presented using graphs

Review from student

Studypool Student
" Thanks for the help. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1825 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors