Outage

1. Inventory management.

A situation in which supplier's levels of physical inventory (or stock) are insufficient to meet their customers' requirements.

Also known as a 'stock out'.

2. Service provision.

Inability of a supplier to provide an essential service.

Single point of failure

"An outage at a key supplier caused by a cyber breach could lead to significant damage to profit and even to reputation longer term.

Treasurers should look at third parties and partners, and ask who the business is dependent on.

Would a single point of failure represent a significant risk?"

The Treasurer magazine, August 2018, p13.

See also