About this Presentation
After 11 years of losses Paharpur 3P decided it was time for dramatic change. The year was 2006. The core problem was a combination of low margins and a lack of long-run orders to enable them to scale. They decided to implement TOC. This is their story of remarkable transformation. You’ll learn how the company focused on three key parameters — OTIF, Throughput and Inventory Reduction — to reinvent itself and the results it generated. These include a profit turnaround within the first three months without reduction in manpower or any significant investment. Throughput up by 30% in 13 weeks. A >90% uplift in OTIF performance. And a dramatic reduction in inventory despite increased volumes of about 25%. 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.
Delivery reliability is a major issue in India that needs to be addressed. The Theory of Constraints (TOC) can be used to improve delivery reliability and profitability.
Paharpur's Flexi Packaging division turned around from consistent losses to increasing profits every year by focusing on improving delivery reliability and managing inventory effectively.
Companies should measure their performance on a weekly basis to quickly identify and address issues. They should also foster a culture of appreciation and problem-solving. Key performance indicators should include throughput, operating productivity, capital productivity, on-time in full (OTIF), and employee attrition rate.
Instructor(s)
Ravi Gilani
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.