Manufacturing Glossary

Manufacturing terms including bill of materials, production entries, raw materials, and work-in-progress tracking.

6 terms

Inventory Accounting Sales Purchase GST Manufacturing All Terms

Bill of Materials (BOM) / RecipeA list of raw materials needed to manufacture a finished product Finished GoodsManufactured products that are ready for sale to customers Manufacturing Date / Mfg DateThe date when a product was manufactured or produced Manufacturing Entry / Production EntryA record of converting raw materials into finished goods Raw MaterialBasic materials used in manufacturing to produce finished goods Work-in-Progress (WIP)Partially finished goods still in the production process, not yet raw materials and not yet finished goods

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