Obsolescence Management

Obsolescence Management

VoxMicro’s Obsolescence Management Plan (OMP) is constituted by five interactive mechanisms, which are active through all stages of the life of the product

Component Lifecycle Status Matrix

For all products, especially for all the enterprise and industrial grade product lines, the constituent material component lifecycle matrix information is required and obtained from suppliers. This entails the obsolescence information at the collection time and at 1,3 and 5 years later.

Risk Assessment

Matrix data allow to classify all components to graded obsolescence risks by using two criteria: a) Impact of the component on the final product, b) Probability that the component becomes obsolete.

Mapping and Monitoring

Components risk assessment and analysis is a continuous process. For high-risk components the corresponding documentation is updated every 6 months, while for medium risk components annually. Suppliers assessment and re-evaluation cycle is 12 months.

Obsolescence Management Reporting

Components and products are allocated obsolescence and prioritization status based on the information collected in Risk Assessment and product Mapping and Monitoring. Reporting is standardised and can be called as needed or at regular intervals.

Organisation and Responsibility

Persons, departments or organizations involved in lifecycle activities are competent to carry out the activities for which they are accountable. Processes and Technology experience, adequate leadership skills and understanding of potential consequences of obsolescence are minimum required competencies