Flexible Manufacturing System
Organisations need flexibility to accomplish their tasks and support functions, and achieve desired outputs, while accommodating to the changes in business markets. For this, they adopt a Flexible Manufacturing System…
World-Class Manufacturing: Features, Indicators
What is World-Class Manufacturing? World-Class Manufacturing (WCM) is a management philosophy and set of practices that aim to achieve the highest standards of efficiency, quality, and productivity in manufacturing processes.…
What is House of Quality? Steps in Building HOQ
What is House of Quality? The House of Quality is a fundamental tool in Quality Function Deployment (QFD), a method used in product development and design to ensure that customer…
Payment Instruments at International Level
An efficient payment system needs a sound and appropriate legal framework. Here the term ‘legal framework’ refers to the legal environment that comprises the following: Various issues such as insolvency…
Treasury Management at International Level
The pace of the change in the regulatory framework of an international economy has increased since 2008 so that stability can be attained in it. As a result, the treasurers…
Integrated Treasury Management in Banks
What is Integrated Treasury Management in Banks? Integrated Treasury Management in banks refers to a comprehensive approach to managing a bank's treasury functions in a coordinated and efficient manner. The…
What is Payment Channels? Types of Payment Channels
What is Payment Channels? Payment channels refer to a mechanism in blockchain and cryptocurrency technology that enables users to conduct off-chain transactions. These channels allow parties to make multiple transactions…
What is Payment Systems? Domestic and International Payment Systems
What is Payment Systems? A payment system is a set of processes, infrastructure, and rules that facilitate the transfer of monetary value between individuals, businesses, and entities. The primary purpose…
Managing Interest Rate Risk
The main forms of interest rate risk include repricing risk, yield curve risk, basis risk and optionality. Interest rate changes have a negative effect on both the bank’s earnings and…
What is Interest Rate Exposure? Sources, Forms
What is Interest Rate Exposure? Interest rate exposure can be defined as the potential loss that banks may incur due to fluctuations in interest rates. This risk arises as the…
