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 a stiff structure that rotates on a fixed point. This fixed point is the fulcrum. The side of the lever that receives force is the input arm. The input force is what moves the input arm down and causes the output arm to move upward, raising the load.