Analysing Your Technical Installations

Basically, life cycle management (LCM) is to be considered as a general management activity, which includes obsolescence management. Life cycle management therefore deals with all activities and efforts that are necessary to analyze the risk within the entire product life cycle of your automation technology, to create strategies for increasing plant availability in the long term, and to reduce maintenance costs and/or downtime losses. 

Although obsolescence management (OM for short) can be regarded as a sub-segment of life cycle management, it is one of the best-known and also most important management activities that can often be found on its own inside companies. If your automation technology is "discontinued" or changed by the manufacturer, supply bottlenecks can occur, which have to be absorbed through the open market. Permanently, there is the risk of not being able to maintain an unforeseen breakdown inside the machine or plant. With a sustainable approach to obsolescence management, a sustainable reactive or even proactive type of OM can still be implemented, even for older machines and systems. 

It is important to know what is happening and to take targeted action when it does happen.
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