About this Presentation
While it is pretty well-known that the concept of ‘cost-per-unit’ is flawed, the nature of the flaw and the possible implications of key decision making is not known. The workshop covers the basic flaw of the common cost accounting methods. Then the principles of T, I and OE are presented and why they are superior performance measurements, and superior information for decision making. Then the workshop identifies the current boundaries of the T, I and OE knowledge and the reason this simple method has not spread. Challenging some basic assumptions is required for coming to the critical new ability to rationally judge an idea by answering the question: Would the proposed idea increase the bottom-line or reduce it? The proper answer to the question involves translating human intuition into a numerical range and coming up with the full range of reasonable financial results that constitute the best supporting information for the top management team. Being able to quickly analyze almost any ‘crazy idea’ could open the door for many of the organization employees to feel free to suggest ideas. The outcome of such an analysis, based on the best available information, is much better exploitation of the organization's critical resources, leading to very high profitability. This workshop offers the opportunity to understand T, I and OE, both the current knowledge and also the new developments in this field.
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)
Amir Schragenheim
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.