Difference between electrical tools and equipment from electrical supply and materials
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Equipment
Equipment are tangible and durable assets that are used in the production of other goods and services. Examples of equipment are things like machinery, tools, devices, etc. Equipment is an essential input to the manufacturing process, and many large scale complex production facilities use expensive technologically advanced equipment.
Materials
Materials are also an essential input to the production process, as materials form the base of the product (the basic matter from which the product is made). Materials include things like parts, components, fuel, or can even be things like sugar cane (production of sugar), tomatoes (production of sauce), and any type of material that become components of the product being manufactured. Materials used will depend on the end product that is being produced, and maybe durable or perishable in nature. Materials can be further divided into direct materials and indirect materials.
Equipment are tangible and durable assets that are used in the production of other goods and services. Examples of equipment are things like machinery, tools, devices, etc. Equipment is an essential input to the manufacturing process, and many large scale complex production facilities use expensive technologically advanced equipment.
Materials
Materials are also an essential input to the production process, as materials form the base of the product (the basic matter from which the product is made). Materials include things like parts, components, fuel, or can even be things like sugar cane (production of sugar), tomatoes (production of sauce), and any type of material that become components of the product being manufactured. Materials used will depend on the end product that is being produced, and maybe durable or perishable in nature. Materials can be further divided into direct materials and indirect materials.
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