About this Presentation
TOC Managerial Finance- The Compass (a homage to Eli Schragenheim) workshop Throughput accounting is a poor name for the TOC tools for supporting financial decision-making. Here we call it by the more appropriate name: Financial Compass. In this workshop we will revisit the basic principle of Throughput, Investment and Operation Expense and expand on these to the new developments and solutions for long standing limitations of these tools. We'll explore a new view of TVC, a deeper understanding of the Investment and its valuation and when ROI does and does not make sense, turns analysis, mix decisions without linear programming (should we use T/Cu or not, etc.), how to classify investment decisions in 3 categories (Bad, Good and OMG) and open up new avenues to establish win-win relationships across links of a supply chain.
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 emphasized the importance of understanding the role of time in financial decision-making, stating that time is the ultimate human constraint.
The speaker proposed a differentiation between TVC in (costs to acquire things) and TVC out (costs associated with the transaction itself), stating that they occur at different moments in time and have different impacts on the investment needed to keep up the company.
The speaker also discussed the concept of Throughput, Investment, and Operational Expenses (T, I, OE) and how they can be used to make sound financial decisions.
Instructor(s)
Humberto Baptista
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.