About this Presentation
Many organizations sometimes end up in the most undesirable situation of running out of cash. This impacts the very survival of the organization. Almost the entire time and attention of the top management is consumed in fighting one payment crisis after another. No organization closes down because it is not making profits. Organizations close because they run out of cash. When an organization is short of cash, payments to vendors, banks, employees start getting delayed. Soon vendors stop supplying raw materials unless they are paid money upfront. This in turn results in shortages of necessary raw materials. Eventually the customer orders start getting delayed, thereby reducing sales. The reduction in sales shrinks cash availability further, and eventually the organization shuts down. It is possible to reverse the cycle and an organization can get back to a good financial health using theory of constraints. The webinar on evaporating the cash constraint explains the process for this turnaround.
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.
Cash constraint is a critical issue for businesses and can lead to bankruptcy if not managed properly.
The Theory of Constraints (TOC) can be applied to understand and address cash constraints.
A weekly dashboard monitoring key parameters such as free cash flow, overdue payments, and cash in hand can help manage cash constraints.
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.