Obsolescence Management Glossary
Are you unclear about a technical term? Do you need a reliable definition?
Obsolescence Management describes a structured and controlled management process for forecasting, reducing and avoiding the effects of product obsolescence. The TQ obsolescence management strategy protects your products against unexpected discontinuances and changes. Thanks to our modular approach, we are able to continually adapt the obsolescence management strategy to your assemblies and products. The entry into our obsolescence management system is completely straightforward and can be implemented during any phase of the product lifecycle.
In volatile and dynamic times, market risks that require a structured management process are increasing. By means of an active obsolescence management you can protect your products from the following risks:
In the current market situation, obsolescence management is an indispensable component of product lifecycle measures. TQ will be happy to support you with its many years of experience in various obsolescence management services.
Strategic obsolescence management describes the most comprehensive management process, which already starts during the development phase. Ideally, it covers the entire product or system lifecycle, allowing for services from the proactive and reactive range to be applied in a targeted manner.
Proactive obsolescence management makes it possible to include obsolescence management at any stage of the product or system lifecycle, before any discontinuance has occurred. In contrast to reactive obsolescence management, the proactive approach is a risk-oriented one. The obsolescence focus is based on the degree of risk of the system or component..
Reactive obsolescence management only responds in case of a change or discontinuance. No measures are defined until the change or discontinuance occurs, but there is only a component-specific response to the incoming message.There is thus very little time to act, which represents a major challenge.
In addition, we can also offer further services in close cooperation with our development department.