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Obsolescence Manager from RS Components supports engineers with product lifecycle risk assessment

09.11.2016

Innovative tool now available via RS website provides engineers and buyers with vital product management and risk analysis for sourcing end-of-life parts and components

Oxford, UK, 9 November 2016 - RS Components (RS), the trading brand of Electrocomponents plc (LSE:ECM), the global distributor for engineers, today introduced Obsolescence Manager, a new online tool that can help OEMs and product developers to manage the problem of obsolescence, and plan for when the End-of-Life (EOL) notices are placed on parts that will soon cease to be produced, repaired and supported by component vendors.

Each year thousands of individual parts and components reach the end of their lifecycle and become obsolete. EOL notices can lead to substantial costs, as it means products often have to be redesigned or reengineered. Significant product delays can also occur, as well as increased inventory sourcing and handling charges. All electronic and automation components will inevitably reach the EOL status, but how quickly they reach obsolescence can vary considerably. While many companies may have prepared for this eventuality – having built-in flexibility in their designs for example, enabling them to accommodate the volatility of component supply – there are also many at risk from the harsh consequences of obsolescence. The search for a viable replacement component can also be extremely time consuming. In most circumstances, a replacement part will need to be at least as good as the original in terms of specifications such as footprint, pin-out, power consumption and heat dissipation, among others.

To address the challenges of component end-of-life issues, RS has developed the Obsolescence Manager, which is a completely free component-lifecycle risk-assessment tool that has been specifically designed to enable engineers and buyers to proactively monitor and manage the risks caused by obsolescence. Initially the tool will be able to support engineers creating new electronic designs, and may be further expanded to cover the industrial sector including new panel designs and existing production-line machines.

The benefits for customers using this highly effective lifecycle management tool are many, such as being able to quickly summarise a Bill-of-Materials or parts list against a list of parts available from RS and thereby mitigate the risk of obsolescence. Customers will also be able to anticipate component end-of-life issues against predicted project timelines, as well as enabling users to find solutions for difficult-to-source parts. Overall, the tool can reduce product and manufacturing costs and ensure faster time-to-market through greater design efficiency.

The tool provides a large range of features including product lifecycle status: for example, whether components are ‘Active’, ‘Not Recommended for New Designs’ (NRFND), ‘Last Time to Buy’ (LTB) or ‘Obsolete’, as well as estimating the ‘Years to End of Life’ (YTEOL). The tool will also list parts that are alternative products in form, fit and function, as well as whether they are direct or similar replacements.

The tool’s component database will be able to access as many as 400,000 products available from the core and extended RS range, including semiconductors, passives, connectors, relays, power supplies, switches and many other electronic and electrical devices. A further 160,000 products are expected to be added by mid 2017. The dataset will also match with three million direct alternative products and 70 million functional and similar devices. The database will be updated on a monthly basis with changes logged in the system.

“Product obsolescence presents a major element of risk for manufacturers for both new and existing designs; and it is one that needs to be managed, especially given the current upheaval in the semiconductor market with many mergers and acquisitions, which also brings the risk of discontinuation for many product lines,” said Lindsley Ruth, Group Chief Executive at Electrocomponents. “Obsolescence Manager is yet another important tool developed by RS to deliver more power and control into the hands of design engineers and buyers, and to help customers reduce development risks when bringing their electronics products and systems to market.”

Obsolescence Manager is available today via the DesignSpark website at https://www.rs-online.com/designspark/obsolescence-manager.

-Ends-

About RS Components
RS Components and Allied Electronics are the trading brands of Electrocomponents plc, the global distributor for engineers. With operations in 32 countries, we offer more than 500,000 products through the internet, catalogues and at trade counters to over one million customers, shipping more than 44,000 parcels a day. Our products, sourced from 2,500 leading suppliers, include electronic components, electrical, automation and control, and test and measurement equipment, and engineering tools and consumables.

Electrocomponents is listed on the London Stock Exchange and in the last financial year ended 31 March 2016 had revenues of £1.29bn.

For more information, please visit the website at www.rs-online.com.

Editorial Contact
Aakriti Kaushik
PR Manager – EMEA
RS Components
Aakriti.Kaushik@rs-components.com
+44 (0)7795 400651

PR Agency Contact
Janice Fenton
Account Director
Publitek Technology PR
janice.fenton@publitek.com
+44 (0)1225 470000

Further information is available via these links:
Twitter: @RSComponents; @alliedelec; @designsparkRS
RS Components on Linkedin
www.linkedin.com/company/rs-components

Electrocomponents plc
www.electrocomponents.com
RS Components
www.rs-online.com
DesignSpark
www.designspark.com

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