critical item |
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Definition
Component, material, or system whose failure endangers safety or survivability of personnel, or which (1) is essential for the firm's continued operations, (2) is in short supply and has long lead time, (3) is expensive, (4) has high maintenance requirements, or (5) requires special handling procedures. Also called critical material or critical stock.
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critical item is in the Industries, Manufacturing, & Technology, Inventory Control & Storage and Planning & Scheduling subjects.
critical item appears in the definitions of the following terms: critical system, critical material and critical stock
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http://www.businessdictionary.com/definition/critical-item.html