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Raw Material

Raw Material is a term used to describe products in a supply chain that are expected to be used in a production process to produce finished goods or semi-finished goods.

Alternative names include: Feedstock, components or parts, ingredients. Typically packaging material is also a Raw Material until it has been used to package a final product (Finished Good).

See also: WIP, FG

Notes

Raw Material inventory is recorded on the Balance Sheet as an asset.

Hierarchy

IDNameLevelx
INVInventory1INV
RMRaw Material2RM

Process(es)

IDNameLevelx
M102Issue/Stage Materials3M102
M203Issue Materials3M203
M405Issue Material3M405

Term(s)

IDNameClearx
ABCABC AnalysisABC
CSFPStatement of Financial PositionCSFP
WHSEWarehouseWHSE
Raw Material Inventory 1 2 {{{keywords}}} {{{description}}}