The ever changing technology and new models been released everyday puts the automotive and machinery industry in fire.Understanding demand decline, tied-up capital, holding cost etc., are adding fuel to the fire.The need to maintain the spare parts for the outdated technology and model to satisfy the warranty commitments forces these industries to park huge capital towards it.

While the production cost demands capital at one side, the other side distribution and holding cost makes the industries bleed more. Maintaining stock without knowing demand is a concern and how to reduce these inventory needs deeper insight on product life cycle and warranty period expiry.

The other side compliance and changing government regulation forces discontinuance of specific products puts the pressure on increasing obsolete stocks to automotive and machinery industry.