What is meant by critical products?
The term "identification of critical products" refers to the process of determining products or product components that are classified as critical due to their importance for the overall performance, safety, or quality of the final product. These products play a crucial role in operations or the supply chain and must be carefully monitored and assessed to minimize risks.
Typical software functions in the area of "identification of critical products":
- Risk Assessment: Analysis and evaluation of products based on various risk factors such as failure probability, impact on product quality, and supply chain stability.
- Product Classification: Automated categorization of products based on their criticality level.
- Supplier Monitoring: Function for continuous monitoring of suppliers who provide critical products or components.
- Reporting: Generation of reports that highlight critical products in the supply chain or production process.
- Quality Inspection: Automated and enhanced quality inspections for products identified as critical.
- Change Tracking: Logging and monitoring changes to critical products, including design changes or supplier substitutions.
- Alert and Notification Systems: Setting up alerts for management when issues arise with critical products.
Examples of "identification of critical products":
- Medical Devices: Products that are essential for patient health and safety.
- Safety Components in Vehicles: Such as brakes or airbags, whose failure could have fatal consequences.
- Core Components in IT Systems: Such as servers or databases essential for business operations.
- High-Quality Raw Materials: Materials whose availability or quality significantly impacts production capabilities.
- Pharmaceutical Active Ingredients: Substances where purity and dosage are crucial for a medication's effectiveness.
- Aircraft Parts: Such as engines or control systems, where failure could have serious consequences.