About this Presentation
This workshop describes the goal (and necessary conditions) of an organization, its measurement and methods to achieve the goal. The thinking processes and the logistics applications (operations, distribution, project management, and throughput accounting). After describing the organization goal, other TOC assumptions are described including an organization goal being more than the sum of the goals of the organization parts, a few resources dictating the organization performance and effectiveness of cause and effect logic. Concepts and details of cost world and throughput world are described in addition to measures for the organization, and functional areas (marketing, operations, project management, etc.).
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)
Rocco Surace
Rocco Surace - past Chairman of TOCICO. He is a partner of Bonadio & Co a top 50 CPA firm in the US. He is co-author of the recently published Throughput Economics, which develops a practical methodology for better decision making by looking at the impact of decisions on a company’s bottom line, including the financial impacts, capacity limitations and the impact of uncertainty.
Rocco facilitates the discussion and open with his observations on what opportunities lie ahead.
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.