obsolescence
(noun)
The process of becoming obsolete, outmoded or out of date.
Examples of obsolescence in the following topics:
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Consumer Products
- Consumer products will generally be less expensive than professional-grade goods, but will lack the durability of the latter product class, and will reach obsolescence quicker.
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The Need for New Products
- In the past, four of these products have been deleted as they near obsolescence (the products labeled as A, B, C, and F).
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Influence on the Entire Supply Chain
- For instance, some of the world's largest consulting firms estimate that up to 60% of marketing costs are related to non-product ancillary areas (distribution, people, freight, storage, obsolescence, technology, and inventory management).