Direct materials are the supplies you use to manufacture your inventory: wood for cabinets, steel for girders or wool for coats. Accountants distinguish direct materials from indirect materials, which ...

Raw materials include wood, metals, plastics and fabrics used in the production of goods. A manufacturer typically acquires raw materials from one or more producers or suppliers. You recognize raw ...

As a Field Inventory Specialist, I see the good, the bad, and the ugly of chemical inventory practices! An accurate chemical inventory is the foundation for your overall chemical management ...

Caroline Banton has 6+ years of experience as a writer of business and finance articles. She also writes biographies for Story Terrace. Suzanne is a content marketer, writer, and fact-checker. She ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...