Obsolescence Cost Prediction
Identifying the cost of resolving known obsolescence issues and identifying future costs and budgets required to mitigate future obsolescence is now a critical part of the management of obsolescence.
To obtain financial support to mitigate future obsolescence that frequently occurs outside of the current fiscal year, or even outside of multi-year budget periods, is difficult without a clear and concise analysis.
TLS has significant experience to support its customers in identifying mitigation costs and the prediction of budgetary requirements for future years.
To support the TLS Cost Modelling capability we have developed a set of unique algorithms that are used in a number of scenario models dependent on the industry and type of product.
Using either industry recognised metrics or specific metrics we can calibrate these metrics to form a logical basis for cost analysis and modelling.
The unique TLS capability also, accounts for several factors that have an impact on predicting future costs and TLS modellers select the appropriate factors when creating cost prediction reports for customers.
The first step is to undertake an analysis of the customer’s parts and maturity status such items using the award winning AVCOM Obsolescence Management tool solution and services.
What is the TOCET service?
This service uses the TLS developed TOCET tool. TOCET (TLS Obsolescence Cost Estimating Tool) utilises current Industrial and Academic best practices to model and predict the probable costs of non-recurring engineering effort required to mitigate and resolve obsolescence issues that will impact upon a project during a specified period of time.
Identifying the cost of resolving known obsolescence issues and identifying future costs and budgets required to mitigate future obsolescence is now a critical part of the management of obsolescence. Using either industry recognised metrics or project specific metrics we can calibrate these metrics to form a logical basis for cost analysis and modelling.The tool has considerable flexibility, which permits a considerable degree of customisation by accommodating a Customer’s own cost base information and obsolescence management approach.
TOCET is at the leading edge of obsolescence cost modelling and prediction tools available today.