What are supplies? Explain with examples

What will be an ideal response?

ANSWER: Supplies are consumable items that do not become part of a final product. For example, lubricants, detergents, paper towels, pencils, and paper. Supplies are normally standardized items that purchasing agents routinely buy. Supplies typically have relatively short lives and are inexpensive compared to other business goods. Because supplies generally fall into one of three categories, that is, maintenance, repair, or operating supplies, this category is often referred to as MRO items. Competition in the MRO market is intense. Bic and Paper Mate, for example, battle for business purchases of inexpensive ballpoint pens.