lete (ŏb′sə-lēt′, ŏb′sə-lēt′) adj. Used … 1, New technology has rendered my old computer obsolete. adjective Something that is obsolete is no longer needed because something better has been invented. Even though inventory costs must be adjusted down to the lower of cost or market, this does not mean that inventory costs are adjusted upward if the price recovers. Menu. Obsolete products haven't been manufactured for more than 7 years. When an asset becomes old and outdated, it is considered obsolete and useless. It was derived from a now obsolete word mawk, which meant literally 'maggot' but was used figuratively (like maggot itself) for a 'whim' or 'fastidious fancy.' This is a big problem for both manufacturers and retailers. An obsolete word. The tags taped to any items used during the subsequent year will be thrown away at the time of use, leaving only the oldest unused items still tagged by the end of the year. The obsolete items may be the result of one or more of the following: Innovations that make the products worthless, inconvenient, unattractive, etc. Obsolete Materials mean materials and components in Jabil inventory that: (a) no longer appear on a Company bill of materials (BOM), or (b) no longer has demand but appears on a Company BOM of a Product on a Build Schedule or Build Schedule Forecast, or (c) Jabil purchased or is on order by Jabil based on a Build Schedule Forecast, Build Schedule, or other written instruction by Company to Jabil. Outmoded in design, style, or construction: an obsolete locomotive. Though paper and printing technology are over 1,000 years old, the mass production of … obsolete meaning in tamil: வழக்கற்று | Learn detailed meaning of obsolete in tamil dictionary with audio prononciations, definitions and usage. Print Media. 0. Obsolete inventory is often referred to as “obsolete stock,” “dead inventory,” or “excess inventory.” These terms all apply to any items that have reached the end of its “ product lifecycle ,” which means there is no market demand for the product anymore. 1. Obsolete means ‘out of date’. Biology Vestigial or rudimentary, especially in comparison with related or ancestral species, as the tailbone of an ape. No longer in use. The term "obsolete" comes from the Latin for "grown old, worn out." ... We are in the process of obsoleting this product. As products become obsolete, new products replace them. The simplest way to identify obsolete inventory without a computer system is to leave the physical inventory count tags on all inventory items following completion of the annual physical count. verb. "The underlying meaning of mawkish is 'maggotish.' Learn more. ... cause (a product or idea) to be or become obsolete by replacing it with something new. Manufacturers main concern with obsolescence is in their fixed assets or plant assets. Pagers and beepers. 0. Slang for sneaker lovers, meaning the unworn excess sneakers available for a discounted price (also spelled as deadstock; “deadstock condition” means brand-new sneakers that are usually discounted) Why is dead stock bad for business? verb. ‘we're trying to stimulate the business by obsoleting last year's designs’ More example sentences What Does Obsolescence Mean? A technology often becomes obsolete when replaced by a newer or better technology. Definition: Obsolescence refers to an asset’s life or lack there of. Obsolete definition, no longer in general use; fallen into disuse: an obsolete expression. 1. New technologies that disrupt the way things are done GAAP specifically prohibits companies from writing up the cost of inventory in almost all circumstances. Advertisement To cause to become obsolete. Obsolete inventory is a company’s inventory that has reached the end of its product lifecycle. Dictionary ! 725-2008 Prior to the year 725, no one was ever on time for anything. Pagers were originally designed and built in the 1950's but they didn't really … Obsolete technology Replacement Still used for Bathing machine: No longer required due to changing social standards of morality Drive-through bank teller (sometimes featuring pneumatic tubes to transfer documents and money to outer lanes) : Drive-through automated teller machine, online banking: Drive-through tellers still exist to serve customers who prefer not to use the available technology. Hence mawkish originally meant 'nauseated, as if repelled by something one is too fastidious to eat.' 4, Will computers render books obsolete ? Cause (a product or idea) to become obsolete by replacing it with something new. OBSOLETE Meaning: "that is no longer practiced or used, out of date, gone out of use, of a discarded type," 1570s, from… See definitions of obsolete. In high schools and even colleges, there was a specific room on campus where they kept all the… Service providers cannot order parts for obsolete products. Another word for obsolete. For example, DVDs and CDs have largely been replaced with media-streaming services. Obsolete inventory refers to products that a company had purchased or produced which cannot be sold. Wait, wait, hear us out. In our 21st-century business environment, obsolete often refers more to technological than physical wearing out. obsolete definition: 1. not in use any more, having been replaced by something newer and better or more fashionable: 2…. 2, Electronic banking may make overthe - counter transactions obsolete. In other words, the inventory has no additional sales capability or usage. adjective. 0. But that year in China, Yi Xing invented the first known alarm clock, and the descendants of his contraption have … So much equipment becomes obsolete almost as soon as it's made. : the process of becoming obsolete or the condition of being nearly obsolete the gradual obsolescence of machinery reduced to obsolescence the planned obsolescence of automobiles 1. adjective. Obsolete stock isn’t great for business, especially when you consider the costs. No longer in use: an obsolete word. But, of course, something can become worn out and discarded. See more. The definition of obsolete is something that is no longer being used or is out of date. the disposal of old and obsolete machinery. Obsolete products are those whose sales were discontinued more than 7 years ago. Vintage products are Apple products that haven't been manufactured for more than 5 years, but less than 7 years. Monster-branded Beats products are considered obsolete regardless of when they were purchased. Obsolete refers to outdated computer hardware, software, technology, services or practices that are no longer used, even if they are in working condition. 3. Apple discontinues all hardware service for obsolete products, with no exceptions. Synonyms: outdated, old, passé, ancient More Synonyms of obsolete What does obsolete mean? 0. 2. Often, this kind of inventory harms a business’ overall profitability and causes losses on its balance sheet. 3, Gas lamps became obsolete when electric lighting was invented. Find more ways to say obsolete, along with related words, antonyms and example phrases at Thesaurus.com, the world's most trusted free thesaurus.
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