About this Presentation
Many organizations invested a lot of time, effort, and money to implement an ERP system. Many of these implementations didn't deliver expected results in terms of inventory or lead time reduction or operating cost decrease. The TOC replenishment process historically delivered working capital decrease, availability increase, and often associated revenue enhancements. Changing an ERP system's inventory management methodology to a TOC Replenishment one allows an organization to leverage an existing IT infrastructure and achieve required operational improvements. All of it can be done within a couple of months, without a new system implementation, extensive personnel training, or new CAPEX expenditures. Please attend our session and learn this new TOC innovation process.
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 speaker discusses the journey of their business over the past few years, focusing on the integration of technology and the Theory of Constraints (TOC) to improve efficiency and profitability.
The speaker discusses a case study of a client who successfully outsourced TOC technology and know-how to improve their business.
The speaker introduces Roadrunner RX, a demand-driven replenishment approach that replaces the need for forecasting with a buffer wall of inventory.
Instructor(s)
Duncan Patrick
Duncan Patrick is Executive Vice President of CMS Montera Inc. CMS Montera specializes in software and consulting that helps clients solve problems in Operations and the Supply Chain. Duncan’s business consulting career is focused on working with clients to assist them solve problems in operations and the supply chain related to lead times, the forecast, inventory, capacity, on time delivery, product development speed and market focus. Duncan holds an MBA degree from the Richard Ivey School of Business, Western University and a Bachelor of Commerce degree from The University of Calgary. Duncan is certified by the Theory of Constraints International Certification Organization in all aspects of TOC. In addition, Duncan is a Certified Management Consultant.
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.