About this Presentation
This particular lab is aimed at C-level executives, which for them it should be of major value. Then for cost accountants to allow them to truly make a major difference. Then, of course, to all TOC consultants who need it not just as an additional topic they can offer to their clients, but also as a critical ingredient of creating the S&T. I assume all TOC people with advanced knowledge should be rewarded by a lab that offers the next step in TOC. Cost accounting supports most decisions about pricing and what product is profitable and what products should be dropped. Problem is: their recommendations are definitely wrong. TA offers the right perspective, but the state of knowledge today is limited and cannot support many decisions regarding the key three questions: 1. What should the organization sell? 2. What price is good enough? 3. How much capacity (including overtime and outsourcing) does the organization have to prepare for? I'm presenting the TOC process that overcomes the obstacles, and is properly supported by software. The impact of the solution on the bottom is going to be SIGNIFICANT!
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)
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.