A listing of all the materials required in order to produce a finished product. Direct materials are typically goods which are consumed or incorporated in the production process and, consequently, would appear on a bill of materials, as a complete inventory of which components were needed and in what quantity. See also Materials Requirement Planning.
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Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and procurement consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.
