Speeding up securities transactions with EDI

Article Abstract:

Electronic data interchange (EDI) has revolutionized the process of securities transactions by speeding up the time and accuracy of functions which require extensive communications with other brokers such as clearance, settlements, and the delivery of securities. The National Securities Clearing Corporation (NSCC) and the Depository Trust Company (DTC) are the intermediaries in the securities industry's EDI network, the NSCC providing clearing and settlement services between parties and the DTC providing depository and record-keeping services. The NSCC maintains the integrity of the system through: written rules and procedures; selective membership criteria and the continuous examination of members; and strict access controls for the employees of both NSCC and network members.

Usage, Innovations, Services, Securities industry, Electronic data interchange, EDI (Electronic data interchange), National Securities Clearing Corp., Depository Trust Co.

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What did you do to the system?

Article Abstract:

There are four potential types of disasters that can happen to an organization-wide computer system. The first is caused by a lack of management while the second stems from an impulsive management approach. The third involves smart marketing and not-as-smart systems while the fourth happens due to a systems transplant. Whatever the reason for the disastrous event, a systematic approach is required to prevent great damages. Such an approach is needed to address the complexity of developing new information system. A well-structured decision model is needed to avoid overlooking important components required for an effective development and implementation. Solutions to the four abovementioned possible disaster scenarios are discussed.

Management, Information systems, Information management

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Analyzing quality costs

Article Abstract:

Quality is dependent on the successful implementation of a comprehensive system of quality control. The Formosa Plastics Group has developed a program for analyzing quality costs based on an evaluation of the management of quality costs at the local, divisional, and headquarters level. Quality analysis on the local, or product level is based on the identification of the discrete components that constitute overall quality cost. Quality analysis on the divisional level requires the evaluation of the performance of individual product lines, while quality analysis on the headquarters level requires analysis of the competitive position of the corporation within its industry in relation to competitors.

Analysis, Finance, Accounting and auditing, Quality control, Cost accounting, Formosa Plastics Corporation U.S.A.

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