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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.
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.
Raw materials: Materials and components scheduled for use in making a product. Work in process (WIP): Materials and components that have begun their transformation to finished goods. These are used in process of manufacture and as such these are neither raw material nor finished goods. [8] Finished goods: Goods ready for sale to customers.
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.
energy accounting – measuring value by the energy input required for a good or service. A form of accounting that builds in a measure of our impact on nature (rather than being restricted to human-based items). energy audit - a systematic gathering and analysis of energy use information that can be used to determine energy efficiency ...
Paper 1 (45 raw marks contributing 30% of the course, 1 hour) consists of short-answer and data-based questions. Paper 2 (65 raw marks contributing 50% of the course, 2 hours) consists of: Section A: Candidates are required to analyse and make reasoned and balanced judgements relating to a range of data on a specific unseen case study.
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In throughput accounting, the cost accounting aspect of the theory of constraints (TOC), operating expense is the money spent turning inventory into throughput. [4] In TOC, operating expense is limited to costs that vary strictly with the quantity produced, like raw materials and purchased components.