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 TQ 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. Data entry in our obsolescence management system is totally straightforward, and implementation can be started during any phase of the product lifecycle.
In volatile and dynamic times, market risks that require a structured management process are increasing. This enables you to protect your products against the following risks through active obsolescence management:
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 is the most comprehensive management process, which starts during the development phase. Optimally, it covers the entire product or system lifecycle, so services from the proactive and reactive range can be planned and employed 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, whereby a consideration of 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, at which time there is a component-specific response to the incoming message, which usually requires a very short action time and thus represents a major challenge.
In addition, we can also offer further services in close cooperation with our development department.