What Is Obsolescence Management?
Although electronics are most likely to be discontinued, obsolescence management of non-electronic and commercial off-the-shelf (COTS) items also poses a significant problem to long life systems. In short, obsolescence is a threat to system supportability. It will not go away. It has been shown that the annual growth of End of Life documents, where manufacturers declare a part obsolete, increases significantly year on year by as much as 25%.
Obsolescence in long life projects and equipment is inevitable. Unforeseen obsolescence issues can happen quickly and could cost a significant amount of unplanned money to resolve and can have the impact of:
- Loss of equipment capability
- Significant increase in support costs through life
The only way to mitigate the obsolescence risk, is by implementing a proactive Obsolescence Management capability. There is clear evidence that a robust Obsolescence Management capability can significantly reduce the obsolescence impact on through life costs.