About this Presentation
In a 2 minute video it is shown how much bigger the problems still are in the supply chain environment. What is the constraint? How do most companies go about their supply chain and what should we do according to the S&T for a supply chain. Highlighted subjects are: aggregation; order lead time and its effects; the conflict between retailer and supplier; the ROI calculation as the opportunity to get the full attention of the retailer; the astonishing potential results; and the effects of the financial crisis. These subjects are all related to how we should read the supply chain strategy and tactics (S&T) tree. Furthermore introductions are made to the other presenters and their results and experiences.
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 speaker emphasizes the importance of distinguishing between consumer wants and needs when it comes to product availability. This understanding can help retailers manage their inventory more effectively.
The speaker discusses the concept of 'feast and famine' in retail, where there is always a surplus or shortage of products despite efforts to manage inventory. He suggests that improving sales forecasting models can help address this issue.
The speaker highlights the potential for increased sales and improved inventory management through cooperation between suppliers and retailers. He suggests that suppliers and retailers should work together to ensure better product availability.
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.