Critical item

Critical item,

Definition of Critical item:

  1. Component, material, or system whose failure endangers safety or survivability of personnel, or which (1) is essential for the firms 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, critical system, or critical stock.

Meaning of Critical item & Critical item Definition