ENTREPRENEURSHIP

Detailed explanation-1: -Raw material inventory management is the process you or your managers will follow to ensure enough stock on hand, from direct materials to indirect materials, to keep production moving. As your orders increase, you may order a ton of extra materials, assuming that the more safety stock you have, the better.

Detailed explanation-2: -Inside material types we can divide products into different material groups. For e.g we can divide material type kurta into different material groups such as all the cotton kurta into cotton groups, denim kurta into denim groups, silk kurta into silk groups. etc.