About this Presentation
Bajaj Electricals Limited is located in India, has turnover of US $675 mn and part of US $6.0 billion Bajaj Group. Bajaj has diversified interests in small appliances, lighting, luminaires, engineering and projects. Bajaj manufactures small appliances, fans and lighting accounts for 50% of topline. Bajaj includes 3 manufacturing units, 60 Indian suppliers, and 55 international suppliers. Undesirable effects include constant churning of distributors, poor retail reach, loss of sales, high working capital requirements, poor predictability of category level sales, and unreliable vender base. The core issue was forecast-based sales and stock management. The direction of the solution was to reduce replenishment lead times, improve reliability of supply, and release investment (for Bajaj, vendors & channel partners). The solution included realigning the supply and distribution chain to respond to buffer signals from the consumer market. All measures across the supply chain improved significantly with the retail sales increasing 21%, inventory reductions and ROI increases occurring at the retailers, distributors and central warehouse. Video length: . PDF: slides.
What Will You Learn
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Instructor(s)
Anuj Poddar
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.