About this Presentation
TOC replenishment solution is implemented in many companies that are involved in distribution and sale of their products through the network of dealers/distributors, retailers. When the author faced an implementation in a company that sells feed for cows where the company didn’t produce many SKUs, the products produced were commodity products and value created through availability of products to end customers was not enough to get a significant jump in performance of the system. That forced the author to think, “How can a substantial value be created to end customers beyond just availability?” The solution developed was: Helping farmers to improve overall profit from cow farming which was not just related to product sold by the company. This forced the author to think of value creation to the end customer’s environment by additional solutions other than just availability of product. In one more environment similar solutions were developed and tested in the form of PoC (proof of concept) to validate the assumption “Significant value to end customers can be unleashed by building solutions to go beyond availability”. The entire method is translated into a generic process to enable TOC experts to use it in any distribution environment. The paper also talks about assumptions that are preventing most of the TOC implementations from going beyond availability and inventory turns.
What Will You Learn
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Instructor(s)
Chandrashekhar Chaudhari
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.