raw material

Examples of raw material in the following topics:

• Inventory Types

  • Most manufacturing organizations usually divide their inventory into raw materials, work in process, finished goods, and goods for sales.
  • Most manufacturing organizations usually divide their inventory into raw materials, work in process, finished goods, and goods for sales.
  • A good purchased as a "raw material" goes into the manufacture of a product.
  • Raw materials: Materials and components scheduled for use in making a product.
  • In a supply chain management flow; the finished goods of a supplier can constitute the raw material of a buyer.

• Categories of Business Products

  • Raw Materials: A raw material is the basic material from which a product is manufactured or made.
  • Agriculture and mining businesses are concerned with the production of raw materials, such as plants or minerals.
  • Component Parts: Manufacturers produce products, from raw materials to component parts, which they then sell at a profit.
  • Processed Materials: These products are created from raw materials and are used in the production of another product.

• Current Guidelines for Expense Recognition

  • Two weeks later, the raw material is delivered to the company's warehouse.
  • Under the matching principle, the expense related to the raw material is not incurred until delivery.
  • Using the same example from above, the delivery of the raw material is insufficient to cause the cost of those goods to be recognized as an expense.
  • The raw material will be used to make items that will be sold to the public.
  • When the items that used the raw materials are sold, then the costs related to the raw material are recognized.

• The bottom line

  • Future-proofing products involves working to insulate products and services from risk and uncertainty by eliminating waste in all phases of a product's life-cycle to: (1) avoid rises in raw material costs, (2) reduce the chances of bad publicity, and (3) prepare for coming changes in environmental legislation.

• Clean production defined

  • Food service setups, service provider procedures, delivery routines, office systems, even agriculture are all good examples of ‘production' in that commodities (e.g. raw materials) flow from one area (or machine or department) to another whereupon a set of procedures, labour skills or other processes are performed so as to end up with a finished product (or service).
  • With office systems, the ‘raw material' is usually information that passes from one person (or department or computer) to another before the converted end result is made ready for distribution and sale.
  • With agriculture, the ‘product' usually stays in one place while all sorts of materials and processes are brought to it.

• Categories of Goods Included in Inventory

  • Most manufacturing organizations usually divide their "goods for sale" inventory into raw materials, work in process, and finished goods.
  • Raw materials - Materials and components scheduled for use in making a product.
  • A raw material is the basic material from which a product is manufactured or made.
  • Latex, iron ore, logs, crude oil, and salt water are examples of raw materials.
  • Distinguish between the raw materials, work in process, finished goods and goods for resale

• Inputs to the Production Schedule

  • Production schedule can be divided into raw materials, work in process, finished goods and goods for resale.
  • A good purchased as a "raw material" goes into the manufacture of a product.
  • Raw materials - materials and components scheduled for use in making a product.
  • A raw material is the basic material from which a product is manufactured or made, frequently used with an extended meaning.
  • The use of raw material by non-human species includes twigs and found objects as used by birds to make nests.

• Reuse, remanufacturing and recycling: an overview

  • The further away from the original product the reclamation process lies, the more the investment in raw materials and other inputs is lost and the greater the costs are to the manufacturer (who has to purchase replacements).
  • Similarly, the wider the base of each closed-loop practice, the more time, effort and expense is involved in collecting and reprocessing reclaimed material:

• It doesn't add up, it multiples

  • On the contrary, sustainable, closed-loop production practices reduce costs, conserve raw materials, help eliminate toxins and hazardous materials (and their expense), and reduce negative impacts on the environment.

• Materials Handling

  • Materials handling is the movement, storage, control, and protection of materials during their manufacturing, distribution, consumption, and disposal.
  • Material Handling is the movement, storage, control and protection of materials, goods, and products throughout the process of manufacturing, distribution, consumption, and disposal.
  • The material handling industry manufactures and distributes the equipment and services required to implement material handling systems.
  • Material handling also can consist of sorting and picking, as well as automatic guided vehicles.
  • The material handling system (MHS) is a fundamental part of a flexible manufacturing system, since it interconnects the different processes supplying and taking out raw material, workpieces, sub-products, parts, and final products.