Presentation

Submitted By- Submitted To-

Pruthvish Heda Dr. Mahendra More
 Classification Of Industrial
Products
An industrial product is a good used by a company for business
consumption.  It is separate from a consumable good, which is
purchased by individuals for personal and family consumption. One
company selling goods to another for business consumption is a
primary example of business-to-business, or B2B.
There are 4 major classes of Industrial products
1.Natural Materials & Parts
2.Manufactured materials and parts
3.Capital items
4.Business Services.
 Natural Materials &
Parts
The goods that enter the manufacturers products completely are classified
as Materials and parts. In this, there are two types of materials commonly
used for Industrial goods classification.
 Farm Products
 Natural Products- From Forest, River, Mines.
 Made in Factory Products.
 Hand Made products.
Manufactured materials and
parts

Raw material which has to be

manufactured is classified as
manufactured materials. And Many a
times, small manufacturers manufacture
smaller parts which are used in larger
machines like an Automobile. These are
manufactured parts, and they are the 2nd
type in classification of industrial
products.
Capital items

To make any manufacturing business or large

scale industry possible, capital items are used.
They are important in the classification of
industrial products. Capital items generally fall
under the Assets column of the balance sheet.
Supplies

Any short term goods or material

which is necessary for the day to
day operations or a company or
businesses is termed as supplies.