Systems and methods for automatically determining and/or inferring component end of life (EOL)

The present invention relates to a system and methodology for facilitating managing product life cycle. A component that determines relevance of components to a product; an analyzing component (120) that determines, infers or predicts obsolescence, level of risk to EOL of a subset of the components. A substitution component (240) that identifies replacement components and suppliers for the subset of components. A cost analysis component (210) that determines material/components cost savings, and redesign cost implementation and/or redesign cost avoidance.