Raw material

Commodities are in business materials that form the basis for the manufacture of finished products in the production of a company.

Financial Accounting

In financial accounting, the initial and inventory levels of raw materials on the same stock account are recognized during the purchase or consumption of raw materials as well as the balance of the inventory account " raw materials " on the expense account "Expenses for raw materials " to be booked, which in turn even in the context of the financial statements will be completed on the profit and loss account.

Procurement

Raw materials are purchased by the purchasing department. This is determined based on production schedules or production plans a need for raw materials, or the purchasing department are transferred from engineering departments ordering requirements with specifications. Based on the delivery and consumption of substances are ordering times and possibly determined order quantities. For the procurement, there are different methods such as the just-in -time method or the procurement to warehousing.

Storage

The storage of raw materials depends on the type of raw material and the obtaining method. So is almost not stored by the just-in -time principle, since the substances are additionally delivered as they are also processed. When storing food, the provisions of minimum durability and temperature is very important.

• Accounting
• Production Management
• Commodity