There is substantial evidence that the manner through which technology is applied is undergoing tremendous changes. Ours is a world of automated, programmed, preset processes that evolve as much as people are becoming more inclined toward these technologies. Faster, better, greater and more complex seem to be the defining terms associated with this ongoing evolution. And while this is primarily good news, there are issues that spring from this positive development.
The Two-fold Challenge: Obsolete Parts Disposal and Supply Chain Continuity
When manufacturers cease making critical electrical components, users face the bigger problem. Businesses are forced to contend with the short life cycles of industrial products and equipment. The medical, electronics, aerospace and defense sectors face supply chain issues because of obsolescence of semiconductors as well as electrical components, which are considered indispensable to a wide range of individual products and massive electronic and electrical systems.
End-users aren’t spared either. If you’re trying to fix a home appliance, one of the key reasons you are less likely to get it done is that you can’t find the right item to replace old, obsolete parts. A study conducted by the Consumer Electronics Association showed that only roughly 15% of consumers are considered “early adopters” who readily and eagerly welcome component upgrades. Over 60%, however, aren’t as keen on embracing this type of innovation. They tend to wait a little longer and hang on to the old items on hand before finally jumping in the upgrades bandwagon.
Obsolete Parts: The Business of Selling and Buying
When companies or individuals find that there are outdated components in their inventory, the decision to sell hard to find electrical parts and other similar items is definitely one of the best courses of action to take. This is because when the need for these particulars arises, buyers tend to scour the open market for alternatives.
Components or parts that are considered obsolete are valuable, particularly when repairing and restoring electrical items prove to be more reasonable than buying a new product altogether. For alternate sources and exact matches to specific needs, you can go to companies that buy and sell these. They are often the go-to providers that guarantee supply continuity.
When you sell an obsolete component to your trusted electrical supply shop, have some important information ready. You’ll need to disclose the manufacturer or brand of the parts, the identifying numbers or codes of the components as well as their manufacture dates of these items that you will be selling. Based on industry standards, an obsolete component is one that completely hasn’t been purchased in 12 months. There are industry experts, however, who contend that items that have not experienced a sale in six to nine months should be considered obsolete.