What is obsolescence Management?
Obsolescence Management is defined as implementing plans to identify and mitigate risk when parts, spares, equipment, skills (people) and software etc. Our proactive, strategic and tactical measures allow us to mitigate many of the risks associated with obsolescence, therefore reducing its impact on through life costs.
What is an obsolescence plan?
Obsolescence Management takes into account the life span of all the moving pieces of your complex system with a plan to replace obsolete parts as they age, before it becomes a crisis. For our purposes, Obsolescence is when a part, service, or resource is no longer available even though it is still needed.
What is planned obsolescence with example?
Planned obsolescence refers to the purposeful implementation of strategies designed to get a customer to buy a new product by making the older one undesirable or non-functional. Examples of planned obsolescence include: Limiting the life of a light bulb, as per the Phoebus cartel.
What is a synonym for obsolescence?
Synonyms & Near Synonyms for obsolescence. antiquation, datedness, obsoleteness, old-fashionedness.
Why is obsolescence management important?
Ensuring that plans are in place to identify and mitigate risk when parts, spares, equipment, skills (people), and software etc become obsolete. Obsolescence is inevitable and it cannot be avoided so obsolescence management is essential to achieve optimum cost-effectiveness throughout the life cycle of a product.
Why is planned obsolescence good?
Advantages. One of the primary benefits of planned obsolescence is that there is a push to research and development in the company. This will bring out remarkable products and growth and technology in a short period. The manufacturers can get a very high-profit margin, and continues says from the newer products.
What is planned obsolescence in marketing?
Planned obsolescence is a business strategy in which the obsolescence (the process of becoming obsolete—that is, unfashionable or no longer usable) of a product is planned and built into it from its conception. Consumers sometimes see planned obsolescence as a sinister plot by manufacturers to fleece them.
What are the different types of planned obsolescence?
4 Types Of Planned Obsolescence
- contrived durability,
- software updates,
- perceived obsolescence,
- and prevention of repair.
What makes an obsolescence management plan cost effective?
To be cost effective, an obsolescence management plan must expand its coverage to include reactive, proactive, and strategic elements. The key methods involve minimizing the impact of component obsolescence by: Considering obsolescence management options during the part selection process.
Where can I learn strategies for software obsolescence?
Get Strategies to the Prediction, Mitigation and Management of Product Obsolescence now with O’Reilly online learning. O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.
What are the factors that lead to obsolescence?
Historic or other design value or very difficult construction conditions often justify the high costs. Many of the technological and sociopolitical changes that may lead to building obsolescence evolve over periods of several years.
What is the difference between planned and perceived obsolescence?
Planned obsolescence differs from perceived obsolescence, which is when designers make frequent stylistic changes to their products, due to the decrease in the perceived desirability of unfashionable items.