Product Suite

Supply Chain Glossary - P

Supply Chain Glossary - P

productive inventory

In the theory of constraints: The inventory required to meet production requirements without allowance for unplanned delays. See: idle inventory, protective inventory.

The activities involved in the realization of a product or services offered to customers. The responsibilities include planning, directing, and controlling one or more projects of a new or continuing nature; initiating any acquisition processes necessary to get the project work under way, and monitoring performance. See: program manager.


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