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.
All levers contain a stiff structure that rotates around a point called the fulcrum. The force applied to a lever is called the input force. The force applied to a load is called the output force. There are three types or classes of levers. The class of a lever depends on the location of the fulcrum and input and output forces. The picture below shows examples of the three classes of levers.