What term refers to materials that are converted into components and products during manufacturing?

The term that refers to materials that are converted into components and products during manufacturing is raw material stock. Raw materials are the basic inputs used in the manufacturing process, which undergo transformation to become finished products. They are the fundamental building blocks that are processed, assembled, or manufactured into various products.

In contrast, finished goods are products that are ready for sale and distribution and have already completed the manufacturing process. Subassemblies refer to intermediate products that are partially assembled but not yet completed as final goods. Supplies are more related to items necessary to support manufacturing or operational processes but do not become part of the final product. Understanding these distinctions emphasizes the role of raw materials in the overall manufacturing ecosystem, showcasing how they are essential to creating the items that reach consumers.