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The Obsolescence Management Imperative

Join us as IHS, IEC Electronics and Supply & Demand Chain Executive host the The Obsolescence Management Imperative webinar on November 15, 2011

Mark Northrup, director of advanced technical operations at IEC Electronics Corp., has led the charge against counterfeits and electronic components. Together, he and his teams have introduced effective obsolescence management programs into the company's high intensity response culture, as well as spearheading efforts within IEC's Dynamic Research Testing Laboratories (DRTL), LLC to promote improved component risk mitigation proficiency testing in alignment with SAE AS6171 & ISO 17025 laboratory certification compliance. This has allowed IEC to reduce risk for their customers and respond faster to suspect components and underperforming circuits. Learn how they have incorporated leading BOM management and component obsolescence tools as part of IEC's programs designed to eliminate waste and lower their customer's total cost of ownership.

A single obsolete component event can cost anywhere from $20,000 to more than $1,000,000 to resolve and many such obsolescence events could lead to significant cumulative costs to any product or system. For many organizations, the pressure to avoid costs with less staff is growing in complexity and obsolescence management offers a clear path to attainable cost savings.

Figures published by IHS and ERAI show the link between counterfeit and obsolete components, whereby over 50% of all reported counterfeit incidents from 2001 to 2011 were discontinued or end-of-life. In its January 2011 Intellectual Property Rights report, the US Customs and Border Protection and US Immigration and Customs Enforcement reported that computer hardware seizures increased fivefold from FY 2009 to FY 2010 and included a $2.3 million seizure which included counterfeit military-grade semiconductors. The need to mitigate growing threats to safety, security and product performance from counterfeit electronic components is critical. 

Obsolescence management has now become imperative. Don't miss this chance to hear industry experts share actionable advice on leading tools and best practices that can be used to avoid cost and mitigate risk.

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