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A raw material, also known as a feedstock, unprocessed material, or primary commodity, is a basic material that is used to produce goods, finished goods, energy, or intermediate materials that are feedstock for future finished products. As feedstock, the term connotes these materials are bottleneck assets and are required to produce other products.
FIFO and LIFO accounting are methods used in managing inventory and financial matters involving the amount of money a company has to have tied up within inventory of produced goods, raw materials, parts, components, or feedstocks. They are used to manage assumptions of costs related to inventory, stock repurchases (if purchased at different ...
The following outline is provided as an overview of and topical guide to chemical engineering: . Chemical engineering – deals with the application of physical science (e.g., chemistry and physics), and life sciences (e.g., biology, [[microbi logy]] and biochemistry) with mathematics and economics, to the process of converting raw materials or chemicals into more useful or valuable forms.
Chemical engineers develop economical commercial processes to convert raw materials into useful products. Chemical engineering uses principles of chemistry , physics , mathematics , biology , and economics to efficiently use, produce, design, transport and transform energy and materials.
Biochemistry or biological chemistry is the study of chemical processes within and relating to living organisms. [1] A sub-discipline of both chemistry and biology, biochemistry may be divided into three fields: structural biology, enzymology, and metabolism. Over the last decades of the 20th century, biochemistry has become successful at ...
Biomaterials science encompasses elements of medicine, biology, chemistry, tissue engineering, and materials science. Biomaterials can be derived either from nature or synthesized in a laboratory using a variety of chemical approaches using metallic components, polymers, bioceramics, or composite materials. They are often intended or adapted ...
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Material flow accounts provide information on the material inputs into, the changes in material stock within, and the material outputs in the form of exports to other economies or discharges to the environment of an economy. Material flow accounting can be used in national planning, especially for scarce resources, and also allows for forecasting.