Obsolescence is the diminishing of manufacturing sources and materials availability. Obsolescence management is the need to understand why this has happened and then to plan and mitigate for these instances in the future.
Product and component obsolescence removes the opportunity to fulfil original investment and return on availability and is a major cost driver in today’s maintenance and support environments, impacting on equipment at every phase during the procurement process. It is widely understood that increased downtime is due to part shortages and decreased reliability – an alternative solution is demanded.
With a structured strategy and responsible partner it is possible to mitigate most risks. Our approach is to promote and recognise high standards of practice and professional competence in repair, overhaul and re-manufacture.