Definitions for "Raw Material"
Purchased items, such as bar stock or food ingredients, transformed by manufacturing operations into an intermediate or finished item. Often used in reference to bulk or commodity items but may include individual components (piece parts) such as nuts, bolts and screws.
A good that has not been transformed by production; a primary product.
an unprocessed natural resource or product used in manufacturing.
Receipts Regression coefficient
The elements of inventory purchased from vendors in their basic forms—components and parts.