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Mr. Ari's Interview: “How to design a Value Engineered Product ” at St.Peter’s College of Engineering and Technology |
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Mr. O. Arivazhagan, B.E (Honors), CEO ,IIPM, was invited to deliver Special lecture on "How to Design a Value Engineered Product” at St.Peter’s College of Engineering and Technology on 21st Feb 2017 to the Final Year Mechanical Students. In his session on “How to Design a Value Engineered Product”, Mr. Ari impressed upon the audience by showing practical examples of value engineered products - Staplers (3 nos.) & house hold articles as common as matchboxes. These practical simple examples kindled a lot of interest in understanding the unnecessary costs that go into making such simple products without enough care to save cost by all the concern professionals. He insisted upon a function-cost-worth analysis for new products as well as existing products in order to design and procure only those functions and materials which add value to the customer He also spoke about Product recall and that recall is an effort to limit ruination of the corporate image and limit liability for corporate negligence, which can cause significant legal costs. He also said nearly 42.5 lakh vehicles have been recalled by various Global Giants in the last 6 months He informed the students that Betel Tree is an inspiration for inventing new materials that is thin, slim & tall, which can be built without lateral support & except for graphite no other material is available as of now for higher strength. He asked the students to identify new material that can imitate Betel Tree in height & its ability to withstand heavy load at vertical cantilever end The Students were enthralled by his lecture and in the final Question & Answer session; for the 3 best answers he awarded the students with USD, Malaysian Ringgit & Maldives currency notes He has been invited by Civil Engineering Department and MBA Department of St.Peter’s College of Engineering & Technology in March to deliver a Special Lecture on "How to Design a Value Engineered Product”.
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