Managing the “Big 3” Product End-Of-Life (EOL) Risks

Managing End-of-Life (EOL) transitions of components or products is a challenging business discipline. Some OEMs provide advance notice of product EOL dates, which can alert your company to trigger a transition process. However, sometimes external factors – including technology shortages or supply chain constraints – can shorten or negatively impact transition time.

Addressing the Three Biggest EOL Risks

To address risks, your company should proactively identify and prepare for the three biggest product EOL risks, which include:

  • Operational Disruption often results from the staff’s lack of time to support the research, procurement and testing of alternate solutions. In complex industries, the testing and validation of a new component often involves multiple internal and external stakeholders and can take months, often pulling resources from other key projects.
  • Financial Loss can occur from an inability to ship product or provide a service. This is a major concern, particularly in regulated industries, where even a minor component change can halt an entire system, and have significant balance sheet implications.
  • Customer Loyalty is always tested when a significant product delay or outage occurs. There is often little tolerance from customers, who expect technology to function without disruption, and customer loss is a tangible risk.

Mitigating the “Big 3” Product EOL Risks: Your Change Management Plan

The most effective course of action your company can follow to avoid the “Big 3” EOL risks is to proactively plan for them. The initial step in this process is to ensure proactive notification of upcoming EOL dates. It’s essential to maintain a view of product lifecycle roadmaps; to understand exactly what is in each Bill of Materials (BOM) for each finished product; and to automatically receive notifications at the product, component and accessory levels. As an EOL date approaches, a transition process can be triggered, and a Change Management Plan created.

Your Change Management Plan should address how the component or product change could impact or disrupt the business. It should also include the estimated timeline, and information about replacement options. Often the EOL product or component will have a direct replacement or next-generation option. If a direct replacement is not available, satisfactory options will need to be researched, and supply chain risk and availability for those options will need to be analyzed. Depending on industry regulations and the differences with the replacement product, a re-validation process might be required.

As part of its change management plan, your company should also consider making a last time buy of available stock for an EOL component or product.  This can be an effective strategy to bridge the transition and prevent potential business interruption. Last time buys often involved warehousing of the inventory and potential price increases of the component due to limited supply.

How Dynamic Can Help with EOL Risk Management

Managing the “Big 3” EOL risks across multiple products and platforms is a labor-intensive undertaking that requires proactive planning and process management. As an initial step in evaluating EOL risk exposure, Dynamic has created the EOL PrepSM Self-Diagnostic. This tool consists of ten questions that can help your company identify and prioritize specific vulnerabilities and opportunities related to its EOL risks; to understand the complete range of EOL best practices it should follow; and to create a tailored action plan designed to reduce its EOL-related risks.

Dynamic’s EOL PrepSM Self-Diagnostic is available on a complimentary basis to industry professionals upon request, by clicking here. Dynamic provides a broad range of services related to product lifecycle management, including EOL risk management, and is prepared to answer any questions you may have.

Dynamic Technology Solutions Attends Diversity Supply Chain National Education and Training Event: ACCELERATE 2022

Dynamic Technology Solutions showed a strong presence at ACCELERATE 2022, the premier education and training conference of the Diverse Manufacturing Supply Chain Alliance (DMSCA). Dynamic was represented by Vice President of Business Development, Tami Schultz and Business Development Director, Bob Werner at the convention which featured over 30 leading organizations in the manufacturing space.

The event, held in Scottsdale, AZ last month, addressed practical small-midsize manufacturer development solutions, with a focus on digitalization of supply chain management in the current, ever-changing environment.

“There was a strong emphasis on passion,” said Schultz, as she shared her impression of the event. “Passion for digitalized supply chain, passion for the importance of diverse suppliers that innovate and drive results for leading manufacturers.”

The panel discussion around “Supply Chain Collaboration Through Advanced Manufacturing Technologies” proved to be a highlight of the conference. Featuring special guest, Felipe Bezamat Kuzmanic, Head of Advanced Manufacturing and Global Leadership Fellow at the World Economic Forum, this session addressed current supply chain constraints due to COVID-19. This topic has been a point of emphasis for Dynamic over the last two years, as the organization published multiple resources to aid suppliers and manufacturers in navigating the pandemic, including a proprietary methodology, Supply Chain Risk ScoringSM.

Another interesting session was a demonstration on the “Use of Augmented Reality (AR) and Virtual Reality (VR) and the Connected Worker” by Brian Townley, Business Development Associate at MxD. Brian detailed the use of VR and AR in the workplace, enabling non-technical associates to make repairs on complex technologies without in-depth knowledge of the devices. Dynamic has identified an increase in the use of virtual reality in the design and design for manufacturing phases of product development in its clients and the life science industry. This session was a welcome addition to the conference and educational for the DTS team.

The event was well attended and served as a homecoming of sorts for one of the prominent diversity-led supplier development organizations in the supply chain strategy sphere. After a long and patient wait, an in-person event provided meaningful interactions and networking opportunities.

“This was a great opportunity to collaborate with members of DMSCA face-to-face,” Bob Werner reflected in reviewing the event. “I was impressed with participation by leading manufacturers with key Sr. Leaders and staff in attendance. I look forward to growing the relationships we made and implementing what we learned into our day-to-day functions.”

Dynamic Technology Solutions Further Expands Coverage of Life Sciences Industry; Adds Robert Werner as Business Development Director

Experienced Global Procurement Executive Will Drive Business Development and Account Management for Dynamic’s Life Sciences Clients


FARMINGTON HILLS, Mich.March 9, 2022 /PRNewswire/ — Dynamic Technology Solutions – a nationwide provider of customized computing solutions, and supply chain and technology lifecycle-related services – announced today that Robert Werner has joined the company as Business Development Director, responsible for expanding and managing relationships with the company’s life sciences clients, which also includes medical device and pharmaceutical companies.

Mr. Werner brings to Dynamic more than 30 years of related experience, having held leadership positions in engineering, procurement, and general management at leading companies, including General Electric, Perkin Elmer, and at Roche Diagnostics, where he served as Vice President of Global Supply Management. His responsibilities at those firms included development of strategic programs designed to improve operational efficiencies within manufacturing and procurement functions. He also led strategic restructuring of the procurement function while building high performance teams to manage global supply and procurement operations.

Dynamic Technology Solutions CEO and President, Ms. Farida Ali, said, “I’ve worked with Bob for nearly two decades, and have first-hand insight into his deep understanding of the life sciences industry. He will be an invaluable asset to Dynamic and our clients.”

Mr. Werner noted that, “Having been on the client side during my tenure at Roche, I understand and appreciate the value that Dynamic can deliver to life sciences companies. They are a unique organization, and I look forward to representing them.”

Mr. Werner hold a degree in Industrial Engineering from Purdue University, and is a graduate of General Electric’s Operations Management Leadership Program. He is an active supporter of community social programs, including Habitat for Humanity, Gleaners Foodbank and Catholic Ministries.

About Dynamic Technology Solutions:

Established in 1979, Dynamic is recognized as the leader in sourcing, testing, configuration and End-of-Life (EOL) transitions for electronic technology within highly regulated industries, notably for life sciences companies. Dynamic delivers asset and lifecycle management services as an integrated solution that is compliant, consistent, and controlled. Dynamic is ISO 9001 and ISO 13485 certified. As a benchmarked member of the Diverse Manufacturing Supply Chain Alliance (DMSCA), Dynamic has a strong commitment to diversity, and to maintaining high On-Time, In-Full (OTIF) and Right First Time (RFT) scores. Dynamic Technology Solutions is the trade name and a registered service mark of Dynamic Computer Corporation. Visit www.DynamicTech.Solutions

Contact: 
Gordon G. Andrew
Highlander Consulting Inc.
331221@email4pr.com 
(609) 987-0200

SOURCE Dynamic Technology Solutions