A BOM (Bill Of Materials) is the “recipe” of a product. BOM data is at the hub of any product design and manufacturing business – R&D, manufacturing, logistics, procurement, inventory, pricing, and sales are all dependent on BOM data. Products cannot be produced without a BOM, and BOM mistakes are costly. Yet, in many R&D projects, BOM management is overlooked, and the BOM is treated as a list instead of as a management tool. There are three main reasons for this oversight: 1. BOM management is tedious work that no one wants to deal with. 2. There are no powerful and friendly BOM management tools. 3. The value of BOM management (as opposed to BOM listing) can be vague.
What is the difference between listing and managing the BOM data?