Material Inventory is the stock of raw materials, partially worked-on products, and finished goods that are required for the operation of a business. It’s essential for businesses to maintain the right level of inventory in order to keep up with customer demand and production processes. Knowing exactly how much you need, when you need it, and where it should be stored can help to reduce waste, reduce cost, and ensure that your business runs smoothly and efficiently. With regular monitoring and maintenance, companies can make sure they have just the right amount of material inventory on hand at all times.