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High-Tea lecture on How to increase Profit without increasing Sales on 23rd Oct 2013 

       International Institute of Project Management (IIPM) and Andhra Chamber of Commerce hosted a Hi-Tea lecture on the topic “How to Increase Profit Without Increasing Sales on Wednesday, 23rd October 2013 at Andhra Chamber, Nandanam. The lecture was delivered by Mr.O. Arivazhagan, B.E (Hons), PMP, MBB, CEO, IIPM .

       The focus of the lecture was on  the need to think unconventionally and move beyond assumptions. Mr. Ari drove home the point with an excellent example by solving a seemingly impossible problem with out of the box thinking.

       Mr. Ari's disclosure of statistics on the Cost of Poor Quality(COPQ) took many by surprise. Across Globe, 25-45% of cost is spent on COPQ and most people in the industry are not aware that COPQ is the main culprit behind organizations reduced Profit margins. Mr. Ari explained the classification constituents of COPQ, listed down the invisible factors which contributed to COPQ This was greatly appreciated by the audience.
       Mr. Ari cleared various doubt in the mind of the audience regarding practicality of implementation, with specific focus small and medium sector enterprise by explaining  how
recurring benefits will start to accrue from the sixth month of implementation.

        The conference was well attended and well received by all.

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