3.3 PRODUCT LIFE CYCLE STAGES AS A BASIS FOR FORECASTING
The product life cycle stage that a part is in can be used as a basis for forecasting the obsolescence date for a part. A product’s current procurement status and its future development can be described by the product life cycle stage that it is in and through the use of changes in its product life cycle status. The product life cycle stage concept can also be applied to product families, companies, composite products, and technologies.
1 Several additional phases have been proposed, including introduction, pending (prior to introduction), and splitting the obsolescence stage into last shipment and discontinued or purged.