SOLUTIONS FOR PROFITS WORKSHOP

SOLUTIONS FOR PROFITS WORKSHOP
(TOC + LEAN MGT + SIX SIGMA SYNERGY)

A large, traditionally managed, profitable organization seeks and gets to be listed on the stock exchange after more than 25 years of operations. True – the organization is now able to access funds and investments from shareholders. Also true – the organization’s strategies and profitability maneuvers are scrutinized and even criticized.

The auditors move in and discover anomalies in the business performance. The message goes out that millions of dollars of inventory are unaccounted for. The organization’s structures, roles and functions are seen as the likely ‘root causes’. Out goes the paternalistic Chief Operating Officer, who has been with the organization since it started. In comes a ‘boy wonder’ who realizes that the only way to impress the shareholders and secure the position is to undo what has existed. He does this with a ‘gun in the hand’. He gets some response in the administrative functions, but dares not upset the operational managers who evidently still bring in the revenue and profits.

It is a classic situation. The common response is a fast, seemingly effective solution. The shareholders win if such solutions were indeed ‘worth their money’ (‘boy wonder’ and the cosmetic alterations). The truth of the matter is that the organization’s profitability and performance capability are in jeopardy.

Course Outline
Theory of Constraints (TOC) - Presented by Mr. Henry Soo
Solutions for Profits - by TOC way:

• What is a system?
• What is a constraint?
• How can we find our constraint in our system?
• How is our profitability related to our constraint?
• How can we maximize our profitability?
• What 4 metrics can we use to ensure that we are maximizing our profitability?
• What 3 decision rules can we use to ensure that we are maximizing our profitability?
• How do we develop strategies that maximize profitability?
• Is it possible to achieve a un-believable profit growth in your company?

Lean Management (LM) - Presented by Mr. Mike Sheahan
Systematic Elimination of Waste:

• 5 Principles of Lean
• Strategic Alignment
• Total Landed Cost
• Change Curve
• Defining Value & Value Streams
• 7 Wastes
• Tools – 5S, Kaizen, SMED
• Continuous Improvement & Business Process Re-engineering
• Mass Customization, High Flexible Scheduling, Postponement
• Pull Systems & visual Signals
• Collaboration
• Education/Implementation

Six Sigma (SS) - Presented by Dr. John Man
“Fact Based” Decisions for Accelerating Change:

• Identify process performance variations that impact on critical customer requirements.
• Confirm opportunities for improving process performance.
• Provide the right statistical analysis depending on the project levels and complexity.
• Gain the confidence to launch possible solutions that impact on performance.
• Launch solutions with the right controls
• Use a systematic and iterative method to overcome resistance to change.

TLS synergy (TLS) - Presented by Dr. John Man
Energizing business performance excellence:

• Apply the statistical analysis for:
  • Consensus in decision making
  • Identify the urgency and need for change
  • Measuring the impact of solutions
  • Control improved processes confidently
• Synchronized Excellence for TLS synergy project roadmap by Mr. Henry Soo
• Q&A forum

Who Should Attend
Owner, CEO, GM, VP and Top management or Senior Executive who are interested in bottomline result improvement.

For more details, please download the training flyer! (PDF 123 KB)