Industrial product

economic-dictionary

An industrial product is that good that is used by the company for its own consumption. Its difference with consumable products is that the latter are not for business consumption, but are for personal use.

The industrial product, therefore, is that good that is used by the company for its own consumption. These goods are part of the production of other goods or services. The company that is responsible for providing these goods is known as a B2B company. These types of goods are used in the manufacture of other goods and services, so their demand is based on the demand for the goods that will be produced with these.

These types of goods are classified as production or support goods.

The difference between production and support is that production focuses on the manufacture of the final product, support does not.

Industrial company

Types of industrial products

There are endless industrial products that are used in the manufacture and production of goods and services.

To get an idea, we can make the following classification:

  • Raw materials and manufactures.
    • Manufactured materials.
    • Manufactured parts.
  • Natural materials.
    • Natural products.
    • Agricultural products.
  • Capital elements.
    • Equipment.
    • Machinery.
    • Installations.
  • Supplies
  • Company Services.
    • Advice.
    • Consultancy.
    • Maintenance.

Examples of industrial products

Among the examples of industrial products, we can add agricultural products that are used to extract fruits and vegetables.

We can also highlight those products, such as machinery and computers, that are used and employed in the production of a good or service.

You can also incorporate supplies such as oil for machinery, printer paper, as well as another series of goods, which, in the same way, are used in the realization and production of a good or service.

In short, all those goods that, in a certain way, are used for the production of other goods and services.

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