dependent inventoryan inventory item is said to be dependent (on the final product) when it is a component of that final product. A car's steering wheel is therefore a dependent item. The idea of dependency is important for the ordering of sub-component materials and for the design of Bills of Materials. See STOCK, PRODUCT SPECIFICATION. Contrast INDEPENDENT INVENTORY.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson