What is obsolescence?

Obsolescence occurs when parts, components or services are no longer available because they are no longer produced by the original manufacturer, which can lead to major delays, production stoppages and increased costs.

There are 26 types of obsolescence, including social, technological and ethical obsolescence. Obsolescence management involves anticipating, assessing and limiting the risks associated with obsolescence. It involves identifying critical components, monitoring their availability and implementing proactive strategies to ensure the continued operation of equipment and systems.

Proactive obsolescence management can include last-order purchasing, finding alternative suppliers, redesigning certain parts or implementing compatible replacement solutions.