Strategies to the Prediction, Mitigation and Management of Product Obsolescence

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A complete set of tools for managing obsolescence in long-field life systems As new electronic component technologies are developed, the older component technologies and the components themselves often become obsolete. This obsolescence of components can pose a serious risk for systems that rely on such components, especially if the systems have long-life requirements. The first complete, self-contained book to address this growing global industrial problem, Strategies to the Prediction, Mitigation, and Management of Product Obsolescence provides engineers and managers with the tools they need to implement a comprehensive obsolescence management system in diverse industries, from defense and aviation to communications and industrial controls. The book begins with the fundamental issues associated with the occurrence of obsolescence, then goes on to present a complete process for predicting and managing obsolescence using principles of project management. Both reactive and proactive strategies for managing obsolescence are discussed, as well as how to strategically plan the life-cycle management of systems. Coverage includes: * Obsolescence forecasting methodologies, including those based on sales curve forecasting and procurement life analysis * Case studies illustrating obsolescence forecasting for different component types * Forecasting tactics for both hardware and software obsolescence * All aspects of components' life-cycles, from design and introduction to obsolescence * How to deal with discontinued or changed parts, including methods and controls commonly used by semiconductor manufacturers * Obsolescence management standards, guidelines, and standards-setting organizations A must-have work for all professionals in product/project management, sustainment engineering, and purchasing, this book is an invaluable resource for anyone wishing to learn how to mitigate the adverse effects of obsolescence on systems and products.