About this Presentation
Results of implementation a dynamic pull replenishment applied to selected consumables in three phases over a 30 month period, at Turkish Technic Inc. will be presented. Primarily based on TOC’s distribution solution, strategy & tactics customized for its special environment will first be highlighted. Sequential introductions of these will be discussed. Then benefits will be highlighted. Next, various tactics that were employed to address various undesirable effects as a result of more frequent ordering in smaller batches will also be addressed. These UDEs include: 1. Volume discounts may be lost. 2. Load on purchase order processing may increase. 3. Order delay to choose suppliers has increased impact. 4. Shipping costs may increase. 5. Increased load on picking, packing and receiving. 6. Buy-in challenges. Special challenges that are unique to the geographical locations will be summarized. Standing PO solution as well as special supplier relations developed will be highlighted. Maintaining targeted buffer inventory levels included several activities: 1. Dynamic buffer management. 2. Improvement efforts continued to reduce replenishment times. 3. Suppliers were assisted in expediting order.
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.