About this Presentation
The objective is to share a general solution for a major problem of manufacturers, particularly for Aggregating Manufacturers (A-Plants) and how one of their suppliers can capitalize on resolving it. The opportunity: There is a $10 trillion dollar in sales world market that desperately needs a solution that is already well developed within the TOC community. The problem for A-plants is: if even one raw material is missing the production is delayed. If only all suppliers to this industry were TOC companies, the problem of shortages would already be solved. My estimation is that the direct annual fees from helping this market would be $40 billion plus $10 billion in secondary services. Tertiary effects from an improving world economy, I leave to others to calculate. Video length: . PDF: slides.
What Will You Learn
To help you get the most value from this session, we’ve highlighted a few key points. These takeaways capture the main ideas and practical insights from the presentation, making it easier for you to review, reflect, and apply what you’ve learned.
VMI Plus is a new approach to inventory management that involves taking responsibility for reducing a client's raw material shortages.
Implementing VMI Plus requires the use of dynamic buffer management software to manage inventory buffers for a large number of SKUs.
The VMI Plus model can potentially deliver significant benefits for companies, including smoother operations, boosted profits, and reduced workloads for purchasing departments.
Instructor(s)
Henry Camp
Ms Alka Wadhwa
Alka Wadhwa is an experienced consultant and process improvement expert with over 24 years of expertise in the Theory of Constraints (TOC), Lean Six Sigma, and organizational performance optimization. She has successfully led projects in healthcare, financial services, and manufacturing, driving significant improvements such as a 67% boost in hospital operations and a 140% increase in outpatient visits.
Previously, Alka Wadhwa spent 17+ years at GE Global Research Center, where she led initiatives to enhance various GE businesses through advanced technologies, process redesign, and system optimization. Founder of Better Solutions Consulting, LLC, she specializes in using TOC, Six Sigma, and data analytics to streamline operations and build high-performance teams.
Her work has earned her multiple accolades, including the Empire State Award of Excellence in healthcare.
Dr Gary Wadhwa
Dr. Gary Wadhwa is a Board Certified Oral & Maxillofacial Surgeon with extensive experience in the field. He completed his Oral & Maxillofacial Surgery training at Montefiore Hospital, Albert Einstein College of Medicine in Bronx, NY, and has served as an Attending at prestigious institutions like St. Peters Hospitals, Ellis Hospital, and Beth Israel Hospital in NY. With a career spanning over two decades, he was the former CEO and President of a group specialty practice in NY from 1994 to 2015. Dr. Wadhwa holds an MBA from UT at Knoxville, TN, and has undergone additional training in System Dynamics at MIT, Health System Management at Harvard Business School, and Entrepreneurship and healthcare innovations at Columbia Business School. Committed to expanding access to Oral & Maxillofacial Surgery care, he is currently engaged in a meaningful project to provide healthcare services to underserved populations in inner city and rural areas through non-profit Community Health Centers.