Manufacturing Inventory: It is the inventory held for manufacturing and selling of goods. Based on the value addition or stage of completion, the manufacturing inventories are further classified into 3 types of inventory â Raw Material, Work-In-Progress and Finished Goods. Another type is MRO inventories which are to support the whole manufacturing and administrating operation.
Principle of the Lever. It has been found by experiment that two equal forces acting in opposite directions, i.e., clockwise and counterclockwise, and applied to a uniform lever at equal distances from the fulcrum counteract each other and establish a state of equilibriumequilibrium, state of balance.
Second-order levers are mechanisms which feature the input force and output force on the same side of the fulcrum, with the input force furthest from the fulcrum. A great example of a second-order lever is a wheelbarrow. Similar to first-order levers, in a second-order lever the output force will be greater than the input force. However, the output travel will be less than the input travel. In this case, both the input and output forces will act in the same direction.