article thumbnail

A Guide to the Benefits of a Bill of Materials (BOM)

EazyStock

In its simplest form, a bill of materials (BOM) is a list of components, parts or materials required to manufacture, assemble or repair a product. A BOM is often hierarchical, with the finished product at the top and sub-items below. It is important to know where each assembly part is in its own product life cycle. Availability.

article thumbnail

Bill of Materials Inventory management: How to improve BOM forecasting and planning

EazyStock

A bill of materials is usually associated with production planning in manufacturing, and is typically used in manufacturing software such as materials resource planning systems (MRPs). This prevents delays to production, servicing and sales fulfillment. Forecasting for Bill of Materials Inventory. Less waste.