Obsolescence Management Strategies
Obsolescence is the state of being which occurs when an object, service, or practice is no longer wanted even though it may still be in good working order.
If your organization Designs, Manufactures, Supplies, Services or uses Systems or Equipment that are designed to provide years of reliable service, the chances are that your organization is at significant risk of the global market forces driving component Obsolescence.
To manage the impact on system support, and in turn the costs of ownership, it is vital to be able to capture data that can identify obsolescence cases and resolve them appropriately.
These all give rise to many combinations and permutations of the elements of an effective Obsolescence “comprehensive and effective” proactive strategy.
Electronics continues to establish itself in an increasing number of applications as developing component technology enables faster, more feature-laden and less power consuming products offered to a growing and increasingly “consumer market” often with decreasing cost while, the Industrial, Military and Aerospace sectors remain at relative importance to major component Manufacturers business strategies.