Raw-Material-Supply

Supplies and Raw Materials means all fuel, materials, stores, spare parts and supplies and other personal property which are consumable (other than by ordinary wear and tear) in the operation of the business of Borrower or in the production of Products by the Project.

Raw material is essentially the unprocessed product and is the chief constituent of the primary product that is processed or manufactured. Raw materials are also an important part of a firm's inventory management. They are component parts of the stock of inventories carried by a manufacturing firm at a given time.

In the manufacturing process, raw materials are required to produce goods and products. It is important that these materials are procured and delivered on time so that production can begin. For this to occur, coordination with suppliers and delivery companies will be required to avoid any potential delays.