As the rate of change for performance and design of electronics gathers speed each year, manufacturing companies more frequently need to deal with end of life (EOL) concerns for key raw material components. But whether it's a microprocessor, or a hydraulic PIAB valve, parts are routinely redesigned, often leaving the OEM customer and/or equipment end user with a decision to redesign a product or line, or face large inventory purchases before the EOL deadline. This Cornell University professor discusses mathematical models that can help you judge the right inventory level, whether it's one part for one product, or one part relevant to many products.
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