Obsolescence Management Planning And Processes
Through Life Support Limited can support your efforts in developing and implementing a new, or improving an existing, Obsolescence Management capability for your organisation.
We provide all the support required to set up, deliver and implement an Obsolescence Management framework comprising of policy, processes, contractual guidance and capability implementation which is complemented by comprehensive training programs.
TLS have significant amount of practical experience in developing, implementing and reviewing Obsolescence Management capabilities across projects large and small. We have worked on many different types of projects across multiple sectors.
Our expert Obsolescence Management advice and support can assist you with the following:
Development and Implementation of project/product (up to corporate level) Obsolescence Management Policies & Strategies.
It is important to set out strong and effective governance for implementing a proactive Obsolescence Management framework. These documents outline the high level commitment and processes at a company / organisation level.
Development and Implementation of Project Specific Obsolescence Management Plans.
Each product should have a comprehensive document that details the day to day processes, tools and responsibilities that are in place for the identification and mitigation of the effects of obsolescence through all stages of the life of a product.
Development and Implementation of Robust Contractual Requirements.
If you are cascading the responsibility to manage the obsolescence risk to your supplier, you must have confidence that the risk is being managed effectively and that the resolutions being implemented are the most cost effective for your project. This can only be achieved by effective contracting.
Obsolescence Risk Assessment Processes Resulting in Prioritised Risk Registers.
A robust, effective Risk Assessment process is at the heart of any Obsolescence Management process. It must capture all relevant risks and all results and decisions must be recorded and prioritised.
Obsolescence Health Report – A Status Report on Current Obsolescence Risk
What risk are you currently carrying in your project? Many do not know this and an Obsolescence Health Report will identify and baseline current risk.
Obsolescence Impact Assessment – A Report on Current and Future Obsolescence Risk.
Once the obsolescence risk has been baselined, looking forward, what is the predicted future risk and what mitigations can be implemented now to reduce the impact both on cost, and availability?
Most Cost Effective (Through Life) Method of Resolving Current Risk.
It is vital that all resolutions and mitigation actions are implemented in a method that takes into account the whole life of the project. Responsible mitigations / resolutions should not be implemented that, for example, only remove the obsolescence risk for the duration of a contract.
Selection of Mitigation Strategies to Mitigate Future OM Risk.
Where future obsolescence risk has been identified, there is a selection of mitigation strategies that can be implemented to reduce the impact of the risk. The cheapest may not be the most cost effective strategy for your project.
Understanding Cost Implications of Implementing (or the penalties for not) an Effective Obsolescence Management Strategy.
How much money do you need to fund obsolescence resolutions in the coming years? Using standard or specific cost metrics combined with effective cost modelling can help to understand financial implication and future budgeting requirements to resolve obsolescence issues.
Measuring the Performance of Your – or Your Supplier’s – Obsolescence Management Strategy.
How well is your Obsolescence Management Plan performing? Are you hitting or missing cost saving opportunities? Are you getting more savings out than the money you are investing in your Obsolescence Management Plan? A robust method of measuring your obsolescence management performance will allow you to understand if your strategy and approach is working (or not).
Development and Implementation of Pre-Qualifying Questionnaires and Assessment of Supplier Proposals And Obsolescence Management Plans During the Contracting Process.
Having a proactive Obsolescence Management Strategy can be important in supplier selection through the contracting process. You need to have strong selection criteria during the bidding/tendering process.
Supplier Capability Review – an Assessment of Your Supplier’s Capability to Manage Obsolescence Risk.
Do you need to understand if your suppliers have the capability to manage obsolescence risk on your behalf? Using standard or specific metrics, a Supplier Capability Review will enable you to understand your suppliers proactive obsolescence management capability and performance.
Setting Up and and Implementating an Obsolescence Management Capability.
Do you need advice on setting up the resources required to proactively manage obsolescence? You may need an obsolescence management department or resource which includes staff, policy documents, handbooks, processes, tools etc).