About this Presentation
A worthy TOC challenge is to get to know an organization and quickly find a way to significantly improve its performance in a safe way. This webinar will use the MICSS simulator, to address the challenges of a virtual small manufacturing organization that is losing money. Eli will explain the current state of the organization and will also take it upon himself to improve the production policies, bringing them in line with Simplified-DBR. So, the key issue is NOT how to improve operations. The true challenge is: How to attract more customers without disrupting the commitment to fast and reliable delivery? The risk is that if too much demand shows up then even using the best flow methods of TOC might not be enough. Questions to be raised during the webinar: What information would indicate early enough that too much demand is coming? When too much demand is coming – what to do? During the simulation run, from one month to another, some of the very basic managerial dilemmas will emerge such as sometimes simply going day by day looking for meaningful information about what’s going on and how it could impact the financial performance, wondering whether to change something or keep the current policies going. The experience shown in the virtual company will demonstrate how it is possible to live under significant uncertainty and still feel secure while significantly improving the bottom line.
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 Theory of Constraints (TOC) can be effectively applied in manufacturing to improve production speed and manage demand.
Buffer management and plan load are critical control measures in a TOC system.
A conservative approach to market demand can prevent overloading the system, while a daring approach requires preparedness for high demand.
Instructor(s)
Eli Schragenheim
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.