About this Presentation
The organization of this presentation is: A historical perspective; The 14 key management principles of the Toyota way; Compare a select few to the Theory of Constraints; Key points from standing on the shoulders of giants; What can we learn from The Toyota way to help improve TOC?; Leveraging benefits; Avoiding pitfalls. The 14 principles are: 1. Long-term philosophy. 2. Create continuous flow. 3. Use pull systems. 4. Level the workload. 5. Quality In station. 6. Standard work. 7. Visual control. 8. Use only reliable technology. 9. Grow your own leaders. 10. Develop exceptional people. 11. Respect your suppliers and partners. 12. Go see for yourself. 13. Take time to get buy in. 14. Reflect and improve. In the lean initiative, the motivation component is missing. In the 2008 paper Standing on the Shoulders of Giants, Eli Goldratt concluded that the failure of lean implementation is due to the fundamental difference in the production environments. Lack of stability and short product life, demand over time per product, and resource loading were the underlying problems. Goldratt examined the fundamental concepts of supply chains. A generic application of these concepts can be used in a much wider spectrum of environments. The impressive results Hitachi Tool Engineering achieved with this broader application is discussed.
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.
Instructor(s)
Jennifer Eckman
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.