About this Presentation
This presentation shows how to evaluate the impact of critical management decisions based on an integrated view of S&OP processes that behave within reasonable optimistic and conservative measurements of T, I and OE. The approach proposed by Throughput Economics will help you to understand that in order to manage successfully in a VUCA world you need to allow the S&OP team to build and communicate a common sense description of the current situation and the future impact of the critical management decisions, based on optimistic and conservative and ranges of Delta Throughput, Investment, Operational Expenses, applied to the real current capacity profiles of critical constrained resources – CCR. Validate the need to preserve the protective capacity to ensure the delivery of the orders/projects, especially in the CCR. Evaluate the current portfolio ensuring that to maintain profitable sustainability, some SKUs should be cancelled, as a mean to obtain additional capacity.
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.
Throughput economics is a valuable approach to decision making in business, focusing on whether a decision will increase throughput more than operational expenses.
Companies should promote a culture where employees propose ideas that increase throughput more than operational expenses.
When evaluating a decision, consider the impact on sales, operational expenses, and investments.
Instructor(s)
Alejandro Fernandez
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.