Glossary

What is Obsolescence Management?

Understanding Obsolescence Management

Obsolescence Management is about preparing for the point when spare parts, components, or systems are no longer supported or available. Instead of reacting when problems occur, companies need a proactive strategy to identify potential risks early and secure alternatives.

Business Impact of Obsolescence

When parts or data become obsolete without a plan in place, organizations face:

  • Extended downtime due to unavailable replacements
  • Higher costs for urgent procurement or custom solutions
  • Compliance and safety risks when outdated equipment is used

By managing obsolescence, companies safeguard reliability, optimize lifecycle costs, and strengthen supply chain resilience.

Sharecat’s Role in Obsolescence Management

At Sharecat Data Services, we help organizations detect obsolescence risks early by improving the quality and structure of their data. Through processes like Data Quality Management and Inventory Optimization, we ensure that spare parts data is accurate, up to date, and actionable.

This makes it easier to replace parts before they impact operations and to ensure long-term business continuity.