End-of-life management involves planning and executing the processes for discontinuing a product, including its withdrawal from the market and handling of remaining inventory. This concept focuses on managing the product lifecycle's final phase to minimize disruptions and maximize value recovery. Mastering end-of-life management enhances your ability to manage product transitions, communicate with stakeholders, and handle residual issues.

This cluster is valuable for product managers, supply chain professionals, and operations managers who need to manage the discontinuation of products. Developing skills in end-of-life management will improve your ability to plan for product phase-outs, manage inventory, and communicate effectively with stakeholders. Practical applications include managing product retirements, coordinating with distributors, and handling customer support during transition periods.

Explore various techniques and tools for end-of-life management, such as inventory management and communication strategies. Mastering these methods will enhance your ability to manage product discontinuations effectively and achieve operational success.