Q-You are responsible for obsolescence mitigation in a large international organisation. Prepare a set of recommendations to your top management – i.e. with respect to (a) stock of volatile materials, (b) equipment spare parts and (c) costly equipment.The word obsolescence basically means out of fashion. Obsolescence is the status given to a section when it is no longer available from its unique producer. The product discontinuance may have many causes including non-availability of material expected to assembling parts, diminished interest for the parts, duplication of product when companies merge, or risk concerns. The result of outdate nature is most pervasive for gadgets innovation wherein the life times for smaller scale hardware part are shorter than manufacturing. It is a very big task for a resource control manager to handle obsolescence is a proper way and forecast the market properly.By the literature referred recommendation with respect to volatile stock materials, equipment spare parts and costly equipment’s have been prepared to handle the organisation obsolescence is a proper way.
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