Glossary

Glossary Index

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O
Obsolete Obsolescence	The term obsolete means the product or part is no longer in use, even though it may still be in working order. It is a term associated with outdated designs that are no longer supported by the manufacturer. A component may be referred to as obsolete if that product is no longer available from the original component manufacturer or through their franchised or authorized supplier. When components become unavailable through authorized supply channels, it typically becomes necessary to engage procurement activities from the open market. Independent Distributors become a valuable resource when a buyer is in need of obsolete material.

Obsolete Component	A component that is no longer manufactured by the Original Component Manufacturer. An obsolete component can no longer be purchased directly from an OCM but may be sourced from the open market.