Obsolescence Management Software

02 Oct 2012
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We all know the problem of parts becoming unprocurable and obsolete. It's omnipresent in our community. Easy to be observed for example by taking a look at sound carriers. From the 1900's on, the vinyl revolutionized the market, while being replaced by tapes later. When the CD was invented the tape became obsolete and in these days almost all music is saved as MP3 files on hard or flash drives. This change came slowly over many years.

However, in some other economic sectors, the evolution of technology is faster. Companies struggle with the speed microchips, soft- and hardware evolves. The lack of abridgement and future planning costs them a fortune due to expensive replacement parts, redesigns, long-term storage and acquisition of officially obsolete parts. But there is something companies can do against obsolescence issues. An anticipatory planning can minimize the costs of obsolescence. With obsolescence management through part life cycle forecasting and analysis of system structures, the impact of obsolescence can be monitored. Of course, the more precise the forecast, the better companies can counteract obsolescence issues.

But how can companies achieve all this? There is software available on the market that provides key alerts on stock levels and demand rates as well as commercial-off-the-shelf availability. In addition, FFF (Fit Form Function)-ratings of replacements, availability status, repair rates, failure rates and maintenance data can be monitored. Through the forecast of end of support impact dates enabled by a combination of supply and obsolescence observation, the negative effects of the obsolescence can be exposed and minimized. Thereby companies can experience a high ROI (Return On Investment) and benefit from cost savings in production and manufacturing.

Just imagine a very important part of your product isn't manufactured anymore. What are your options? Buy the rest which is available to very high prices? Build new ones through reverse engineering with the risk of high costs, low quality and misfit? Obsolescence is a problem which can be found in almost every industry and should not be underestimated. It can cause high costs and high expenditure of time as well as inability to deliver own products to the customers.

To sum up, through comprehensive obsolescence management software these risks can be spotted, controlled and reduced to a minimum.

Last modified on Monday, 15 October 2012 15:01
Andreas Busch

Andreas Busch has finished his high school diploma and is going to attend college with the intend to study business and engineering. As an intern at ABSC GmbH, he gained insights in the field of obsolescence, its impacts and comprehensive structures of obsolescence management.

As an innovative full service system integrator in the fields of engineering services and IT services ABSC GmbH supports many international companies along their development and operation of business processes with complete solutions since over 20 years. ABSC creates customized and innovative obsolescence management concepts and provides competent, reliable and sustainable optimization of processes, projects and infrastructure. ABSC supports businesses as long-term partner for the definition and implementation of customer specific complete obsolescence management solutions and round off their range of services with specific seminars and events.

Website: www.obsolescence-management.net

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