Enventure Technology Services, a leading Engineering services and mechanical design solutions provider to global corporations, has secured a contract to manage component obsolescence for a European engineering giant.
With revenues of over €4 Billion, the client is a global provider of engineering and construction services, technology products and integrated solutions, and serves several industries, including oil and gas, refining and chemicals, mining and metals, and power generation. Enventure’s obsolescence management services involve evaluating component life cycle of parts in use by the Client, identifying high-risk components in active products, delivering early warnings, and ultimately reducing the risk of obsolescence by finding second sources or replacement parts.
Enventure’s obsolescence management services are proven to reduce fire fighting, mitigate risks and save money for clients, by identifying component obsolescence issues in advance and proactively locating newer components which can be used as replacement parts. The Enventure service delivers a focus on component obsolescence, which enables engineering companies to focus on their core functions, while also making sure their operations are more streamlined, efficient and cost-effective.
“Component obsolescence management can significantly save a company time and money, and providing our expertise to such a respected company is an honor,” a spokesperson for Enventure commented. “They have proved themselves to be the very best in their field, and in order to stay on top, they will need to be sure that the components they need are active and can be sourced by supply chain as needed. We have vast experience in assisting such companies save vital resources in conducting such tasks, and we look forward to building a long term relationship with the start of this contract.”