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IIM Indore: Guest Talk on Growing Exponentially with TOC

By : Guest on 17 January 2019 E-mail Print Report Abuse

IIM Indore’s Industry Interface Office (IIO) organized an expert talk on ‘Growing Exponentially with Theory of Constraints (TOC)’ at Cummins Turbo, Pune on January 17, 2019. The speaker for the talk was Professor Harshal Lowalekar, Faculty, Operations Management and Quantitative Techniques Area, IIM Indore. He’s an expert in the field of Theory of Constraints.


In his talk, Professor Lowalekar explained how companies can identify and eliminate the constraints which are restricting their current performance and thereby register an exponential growth using the concept of TOC.  He described that inventory pile-ups in supply chains, huge lead times, poor revenues, higher costs and lack of profits are all actually symptoms or effects resulting from a very few root causes, which are often company policies. ‘The companies should first identify and address these constraints instead of trying to solve all problems separately if they want to achieve maximum benefits’, he said.


He also revealed how TOC ideas have revolutionized the areas of Manufacturing, Services, Marketing, Sales and Distribution, Accounting and Projects. Overall, the purpose of the talk was to show how TOC can help the companies become more responsive and still decrease their inventories. Discussions on how companies can complete projects in much lesser time and budget with better quality also took place.


Professor Lowalekar then discussed about Big Data/ IoT: how it is helping to get visibility across the supply chain and hence impacting businesses in having right inventory at right time at right place.  ‘Big Data is now giving the edge to the manufacturing industry as compared to retail where the business models are different’, he said.


The talk was attended by around 30 employees of Cummins Turbo, who thanked the IIO for organizing the guest talk.


The talk concluded with a Q&A Session.

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