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There is no simple rule for inventory turnover, except that a high ratio is preferable provided inventory is adequate to meet demand

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    – AIQ
    Nov 16, 2019 at 7:26
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    – gnasher729
    Nov 20, 2019 at 13:12

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There is no simple rule for inventory turnover, except that a high ratio is preferable provided inventory is adequate to meet demand.

provided:

conj also provided that used to say that something will only be possible if something else happens or is done

= providing

 He can come with us, provided he pays for his own meals.

The last "is" is inside a subordinate clause starting with the conjunction "provided".

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