By David Loader
Within the speedy altering company and monetary markets, the function of operations supervisor is crucially very important to any organisation. As automatic methods elevate and cost cycles shorten, the calls for on operations managers to include switch and to turn into inexpensive participants to the base line increases. This publication follows on from basics of worldwide Operations administration, 2e (0470026537). writer David Loader explores the demanding situations of being a very good manager and supervisor in an atmosphere of continuous switch, variable workloads and strain to convey caliber prone cost-effectively. He covers the major features of the position, which come with handling chance, humans and consumers.
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Additional resources for Advanced Operations Management (Securities Institute)
Setting internal standards for the team and monitoring and then providing analysis to them can achieve this. In this way the team are not only aware of their performance but can also provide input to maintaining and increasing standards. OTHER RISKS There are several other types of risk that the operations manager must be aware of. Malicious risk All companies face the risk of fraud, theft and malicious action against the firm’s systems by employees, disgruntled ex-employees, competitors and outsiders.
The latter is dealt with further in Chapter 8 and managing people in Chapter 6. 36 ADVANCED OPERATIONS MANAGEMENT LIQUIDITY RISK Liquidity risk encompasses two risks, one that might be defined as a market risk, the other as operational. First, it is the risk of not being able to sell or buy a security at a given time or at an acceptable price. This may be because of a lack of market participants (a thin market) or due to technical or operational disruptions in the market place. A prime example is a stock market crash with investors and institutions curtailing activity until volatility in the price of securities has reduced or a sustained bull run when there are many more buyers than sellers of stock.
For instance, CREST runs a circles algorithm to resolve interdependencies. MEANS OF REDUCING SETTLEMENT RISK There are several basic ways in which settlement risk can be mitigated. As with all risk there is a need for extensive knowledge of: . . . products; market and clearing structure; settlement processes; payment processes; custodial processes; system capabilities. 34 ADVANCED OPERATIONS MANAGEMENT There must also be an awareness of the effectiveness of the internal procedures and processes, how effective the controls are and what potential developments will impact positively and negatively on the risk position in the operations function.
Advanced Operations Management (Securities Institute) by David Loader