About this Presentation
Businesses leaning out their processes are faced with concepts that appear to be mutually exclusive or even conflicting. Common perspectives are do lean, OR do six sigma…lean OR TOC…and I can’t do lean AND ERP! This session explores strategic and tactical relationships of lean manufacturing, six sigma, theory of constraints and ERP. Included is a discussion on the impacts of an absorption costing policy on lean manufacturing results.
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.
Lean, TOC, Six Sigma, and ERP are different strategic perspectives and tactical tools that can be used in a unified manner to drive continuous process improvement.
Companies should focus on driving out waste completely, not just moving it around. Once they hit their baseline business plan, any further improvements will liberate capacity.
Companies should be aware of their 'event horizon', the point at which they start liberating baseline capacity. They should make informed decisions about whether to use or not use the capacity they generate.
Instructor(s)
Russell M. Field
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.