product family
group of similar goods or services a group of products or services that meet a similar need in the market
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group of similar goods or services a group of products or services that meet a similar need in the market
Component commonality: The principle of component commonality focuses on the design and use of common components for families of products. When there are a large number of products in a supply chain, the inventory of components will naturally be large. Component commonality calls for the use
By Vinod Lall
risk management, corporate strategy, and product management divisions. Before taking up his current role as CEO of Euroclear Bank, he has held positions as the head of Euroclear Bank’s operations, and deputy general manager of Euroclear France. Outside of work, he spends most of his time with his family
Definitions of ’product family’ and meaning of ’product family’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’product family’ and other financial terms with our online QFINANCE Financial Dictionary.