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Full Version: Components Becoming Obsolete
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Any part or component is said to be obsolete if it is no longer available for purchase with the specified orderable part number. Sometimes the components become obsolete by replacement of their new versions in the form, fit, function, quality, or reliability. But the suggested replacements (new versions) may not fit in the existing product without change. In case of company acquisitions, sometimes the components become obsolete from the current manufacturer, but are available from other manufacturers.
The rising complexity for products today to be competitive is increasing the research costs. Because products are so complex, and markets change so quickly, there is no longer enough time or the right words to communicate clearly to anyone outside of the process all the nuances of a market opportunity. This short product life cycle gives rise to Component Obsolescence Management . Technology advancements at the component level and demanding marketing conditions reduce the success of our existing obsolescence approach. Obsolescence information services, like components and materials, also have a lifecycle. Changing technology and marketing conditions can render them ineffective, too. Many products and systems are designed to last longer than just a few years. Items like automobiles, airplanes and military weapons often have life expectancies of five to 30 years; they are nearly guaranteed to outlive most of their internal components. Unfortunately, parts obsolescence can severely impact the supportability and life cycle costs of these products and systems too. Thus, the component and its materials are critical in product design and development for any product and should always be monitored for obsolescence.