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
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”.