Components

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  A component could be a raw material, subassembly or a part.  However the identifying difference is that a component which could be a part, raw material or subassembly goes into a higher level assembly, item or part.

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  Components are a little different from raw materials.  For example, Computers are made up of many different parts, such as a motherboard, CPU, RAM, and hard drive. Each of these parts are made up of smaller parts.  We call these smaller parts components.
Examples of Components:

• Hardware.
• Batteries.
• Welding Materials.
• Information that Creates a Report.
• Seals.

Challenge:

• What examples of components can you think of? Share your thoughts in the comments section below and receive a coupon to one of Lean Strategies International LLC's courses.