Obsolescence

The issue of obsolescence in the supply chain is not new. However, its profile has increased in line with the European Union’s vision of creating and implementing a sustainable development strategy.

Information about Obsolescence

One aspect of this strategy is the effective management of natural resources, which, at an organisational level, makes sound business sense, and may be dovetailed with greater corporate social responsibility.

Related concepts

Just-In-Time (JIT)

If you produce only what you need when you need it, then there is no room for error (Russell and Taylor)

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Vendor Managed Inventory

In today's business... modern methods of supply chain management have become important tools to gain competitive advantage over competitors. Vendor Managed Inventory...

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Economic Production Quantity (EPQ)

Understanding economic production quantity is important from the inventory management side of things because holding too much inventory is costly to carry and holding too little can...

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