INDUSTRIAL GOODS CLASSIFICATION

Industrial Goods Classification

Materials and parts it can be further classified into Raw materials and Manufactured Material and parts

Raw material are classified into

• Farm products:- Marketing intermediaries, transportation, assembly, grading , storage. It should have little advertising and and promotional activity with exceptions. There  may be a case  wherein the commodity groups might do campaigning
• Natural Products:- are limited in supply and is kind of hard on the end of producer to move a greatbulk and low unit resource to the user. Here in the user depends upon the long term supply, materials . Also, price and delievery reliability  are the major factors influencing the selection of the supplier.

Manufactured Materials Parts are classified into

• Component materials: - the can be further fabricated into quick form . Price and Supplier reliability are the 2 important purchase factors.
• Component parts: - they enter into finished products and go through no further ```changes.

Capital Items: - They are the long lasting goods which facilitate developing and managing the finished product. They include 2 items that is Installations and Equipment

• Installations:- building , heavy equipment. Advertising  is Little, Design for post sale and are usually bought directly from the Producer. Services
• Equipement: - Factory Equipment and tools They sell Direct more often there are rarely any intermediaries, market is geographically dispersed, buyers are numerous and orders are small. Quality, Feature and service are the main consideration.