This post will discuss various important aspects of Obsolescence such as What is Obsolescence, How it happens, Why it is so critical and its types.
Obsolescence Management
Approach for Mitigation of Obsolescence Risk – Proactive and Reactive Approach
The risk of Obsolescence is in inevitable. However, rather than taking a reactive approach to incoming Obsolescence risk, predictive planning and proactive approach for mitigation of Obsolescence Risk can minimize the extra expenses and ensure the product availability. All sectors (Commercial, Industrial, Aviation, Defense, etc) where the product life is required to be more tend to face the risk of component obsolescence.
Obsolescence Risk Assessment – Process, Management and Mitigation Strategy
Obsolescence Risk Assessment Process is a critical activity for effective management of Obsolescence and deciding suitable Mitigation Strategy. Here in this post, we will discuss a suitable Obsolescence Management process and its associated activities that has been designed based on years of experience.
Obsolescence Management – Objective, Advantages and Processes at Product Stages
An Obsolescence Management Process has various advantages if it is effective integrated to various stages of a product with an objective to tackle Obsolescence. With the increasing popularity and functionality of Commercial components in comparison to cost, the component obsolescence has been much frequent. Only an effective Obsolescence Management can minimize financial losses and ensure […]