About this Presentation
NAT Steel Equipment Private Limited (India), an equipment manufacturing company, created a red curve strategy of financial growth. A company history, in addition to products and customers descriptions is provided. National Steel was an average company until it implemented TOC. With all the conventional rules, National Steel achieved its Viable Vision (VV) in one year. Recall a VV means that your sales today will be equal to your profit in four years. The difference was the perspective of a TOC practitioner. Two goals were set: to deliver on time and to generate a positive cash flow. Rule 1 is to list and prioritize all of the pending orders. Rule 2 is that no more than orders for three machines are on the shop floor at one time (no machine can be started unless 100% raw materials availability). Previously we tried to make twenty machines at a time. Lead time is 3 days now. Rule 3 is to never believe the customer. We developed a process to create honesty in the customer. We had a daily meeting to determine and reinforce priorities. We affixed a white board inside the entrance of the factory with the priority list.
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 company implemented the Theory of Constraints (TOC) and saw significant growth.
The company increased its prices and saw an increase in orders.
The company managed to double its throughput without increasing resources.
Instructor(s)
Zaru Bhathena
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.