About this Presentation
In this captivating presentation, embark on an extraordinary exploration of Harkesh Rubber's awe-inspiring transformation. Witness the journey from a company constrained by obstacles to one that soared to remarkable heights of success. Attending Ravi Gilani's TOC India in 2021 must have been an enriching experience. Being a member of TOCICO (Theory of Constraints International Certification Organization) further demonstrates our commitment to deepening our knowledge and expertise in the field of TOC. Both experiences highlight our dedication to continuous learning and staying connected with the global TOC community. 1. Reduced Work-in-Progress (WIP) from 15 days to 2 days, ensuring more efficient production flow and manageable inventory levels. 2. Journey from 35% to 80% On-Time Delivery In Full (OTIF) enhancing customer satisfaction and reliability. 3. Implemented Daily Huddle meetings to ensure proactive management and resolution of any job-related issues, preventing any job from getting stuck and promoting a smooth workflow throughout the organization. 4. Implemented weekly review meetings to enhance decision-making capabilities and empower the team with the authority to make timely and effective decisions, leading to improved operational outcomes. 5. Identified and addressed operational constraints through the application of the Theory of Constraints (TOC), allowing for targeted improvements and optimized processes. 6. Witnessed a notable throughput jump of 9%, indicating improved efficiency and productivity within the operations. 7. Experienced a profit jump of 15%, showcasing the positive impact of the implemented changes on the financial performance of Harkesh Rubber LLP.
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.
The organization started in 1983 and has grown significantly, expanding to new markets and facilities.
The company faced issues with backlog orders, high work in progress, and lack of clear system for production priority before implementing TOC.
After implementing TOC, the company saw a 65% jump in throughput, reduction in work in progress, and a significant increase in earnings.
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.