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.
A lever is any elongated, rigid object that rotates around a fixed point called the fulcrum (fig. 9.15). Familiar examples include a seesaw and a crowbar. Rotation occurs when an effort applied to one point on the lever overcomes a resistance (load) located at some other point. The part of a lever from the fulcrum to the point of effort is called the effort arm, and the part from the fulcrum to the point of resistance is the resistance arm. In the body, a long bone acts as a lever, a joint serves as the fulcrum, and the effort is generated by a muscle attached to the bone.