A method for tracking and reporting material movements and responding to material movements. Tracked-components are assigned a component identifier which can be associated with a location. The identifier is associated with a first location, and in response to a movement trigger, the location associated with the identifier is updated to a second location. A component can be comprised of multiple sub-components, each of which itself is a tracked component. When the location of the component is updated, the location of each sub-component is similarly updated. Each update of the location of a component can trigger reports or other actions within the system.