White Paper Abstract
Commercial and Defense/Aerospace OEMs (Original Equipment Manufacturers) daily face the risks of obsolete components and the resulting impacts on the longevity of their end products.
Historically, defense, aerospace and commercial OEMs with long end product lifecycles have placed greater emphasis on a well-managed obsolescence strategy. Conversely, OEMs with smaller end product lifecycles have placed less emphasis on sophisticated proactive approaches to obsolescence management, relying mostly on reactive measures.
This whitepaper makes a case for all OEMs, regardless of size, to use proactive obsolescence forecasting measures. This whitepaper also illustrates the risks of using component lifecycle forecast data points from the component manufacturers themselves, versus using forecasts based on algorithmic & historical data points from independent electronic component databases. With the growth and sophistication of electronic components databases growing yearly, lifecycle forecasts, intelligent component procurement, and overall obsolescence mitigation are within reach of all OEMs.
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