About this Presentation
LRRL (Liberty Retail Revolutions Ltd) is one of the largest Indian owned retail chains in the footwear (only) segment. It started with the implementation of the retail strategy and tactic (S&T) tree in April 2010 to achieve a Viable Vision (VV) of increasing sales 3 times in 4 years while achieving a profitability of 10% profit before tax (PBT) from the current situation of negative profit. The key implementation steps include: central planning for all 5 plants; central sales for all 5 plants; established a central warehouse (aggregation point), to which all plants supply (They do not supply to customers directly now); plants transformed from make to stock (MTS) to make to availability (MTA); all raw materials (RM) and components on buffer management; implemented replenishment with suppliers; the shops send weekly orders to the central warehouse (CWH); replenishment weekly from the earlier monthly ordering and dispatch; order generation and dispatch as per ‘cut size’ and not ‘size rolls’; new introductions as winter and summer; new introductions of smaller range 8 times a year; size roll- a pack size containing all sizes of shoes; and cut size is SKU at size level.
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)
Kiran Kothekar
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.