Electronics Obsolescence Management

Plan and manage obsolete electronics

Technology advances so rapidly that businesses must have an electronics obsolescence management program. Without proper management, the problem can cost a company vast amounts of revenue. A plan should include negotiation with the manufacturer to purchase enough parts to meet current and future demands. Have resources readily available to purchase name brand parts as well as alternative and substitute parts.

Planning and managing obsolete electronics is an important job that requires proper training. It is important to understand the problem and the life cycle phases of electronic components. You need to learn how to forecast electronic equipment obsolescence and know what to do when a part goes obsolete. Consider the following suggestions when you create a management program.

1. Plan electronics obsolescence management solutions.

2. Develop an obsolescence management information system.

3. Locate replacement parts.

Plan for obsolete electronics

Create a plan to control the loss of revenue because of outdated electronic equipment. Seek training in methodology to formulate electronics obsolescence management solutions. Consider using a technology consultant to help you set up and implement a management plan.
CALCE at the University of Maryland to get information on an obsolescence course. You can learn a process to select and manage parts and develop a method to evaluate the life of electronic parts. In addition, learn how to identify the causes of obsolescence component problems to prevent similar failures in the future. You can also find assistance through NorthPoint Solutions. This technology service helps clients find ways to increase revenue reduce costs and manage various aspects of business technology.

Use electronic parts obsolescence management system resources

Utilize resources that provide assistance in component obsolescence management. Some organizations have databases that give notices of discontinued parts or material shortages.

Locate obsolete electronics

Find an obsolete electronics replacement part through distributors that utilize several sources to find available obsolete semiconductors, integrated circuits and scarce electronic components fast and at a reasonable price.

• Beware of counterfeit obsolete electronics parts that can be faulty. Order parts from a reputable dealer. Check with the Better Business Bureau before purchasing.

Copyright © 2013 Business.com, Inc. All Rights Reserved.

---