A bill of materials is a list of materials, assemblies, parts, and quantities needed to manufacture a product. It is very important for a company to have a bill of materials set up, and especially if they have a large array of products that they offer because it can be hard to keep track of everything.
Some people refer to the BOM as the blueprint. If you look at just about any successful company that is large, they will probably have a bill of materials if they are in the manufacturing space or something that is related. [Read more…] about What is a Bill of Materials and How Do You Manage It?