Raw Materials are used to produce finished products,energy or intermediate materials that are feed-stock for future materials thus are part of a bill of materials. They are the basic materials from which a product is made.
They are chemicals or composite materials.
A Raw material can be bought to be repackaged to be sold.
A Raw material can be tolled by a manufacturer: In case of tolling, raw materials can be supplied or not to the toll manufacturer.
A finished product can also be tolled by a manufacturer.
A finished product can be bought to sold.
A finished product can also be a raw material.
Exception: Fuel feed-stock such as natural gas, coke, anthracite, petroleum cake are considered as energy.
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