Obsolescence can present itself in two ways; the item in question is no longer suitable for current demands, or is no longer available from the original manufacturer.
Ensuring that plans are in place to identify and mitigate risk when parts, spares, equipment, skills (people), and software etc become obsolete.
A lack of understanding of the importance of pro-active Obsolescence Management can have a major impact on companies of all sizes and from all sectors. Obsolescence affects all products and it impacts upon all stages of their life. The term product covers capital equipment, infrastructure, consumer durables, consumables and software products. Component obsolescence often leads to the need for expensive replacement parts, redesigns, and requalification, all of which could damage your competitive edge, your profitability and your market reputation. Obsolescence is inevitable and it cannot be avoided so obsolescence management is essential to achieve optimum cost-effectiveness throughout the life cycle of a product. Careful forethought and planning can minimize the impact of obsolescence and its potential high costs. Pro-active strategic and tactical measures can be taken to mitigate many of the risks associated with obsolescence, thus reducing its impact on through life costs.
The IEC 62402:2019 standard states;
The objective of obsolescence management is to ensure that obsolescence is managed as an integral part of all design, development, production and in-service support in order to minimize cost and detrimental impact throughout the product life cycle.
When it comes to Obsolescence Management there’s not much we don’t know, we’d even go as far as to say that CMCA(UK) are probably the best out there when it comes to Obsolescence Management. Our company policy is to provide products and services of the highest quality and value to our customers. Gaining, and more importantly retaining, their respect and loyalty. So you can rest assured that your bespoke Obsolescence Management Plan from CMCA(UK) will be the missing piece to your obsolescence puzzle.
If you have a requirement please don’t hesitate to get in touch with our Business Development Manager Antony Elliott, call him on +44(0)1905 458307 or email your query to email@example.com.