How Do I Create and Manage an Accurate BOM?

Simplifying BOM Management With Cloud-Based SaaS Solutions

The bill of materials (BOM) is a critical component in product development. Once engineering develops the BOM, downstream departments from design to manufacturing to regulatory approvals and certifications use it to inform the product development process. Thus, the BOM is key to many stakeholders, both internal and external to the company, including departments such as manufacturing, procurement, sales, finance, and servicing.

Each functional department tweaks and modifies the BOM for its own purpose. Engineering relies on it to track revisions and changes, meet cost targets, and satisfy product requirements for performance, environmental compliance, serviceability, and safety. Manufacturing uses it to plan manufacturing processes and assembly operations. Procurement harnesses it to source components. Service refers to it to plan service operations and spare parts provisioning. Management looks to the BOM to assess risk and formulate a risk management strategy.

This eBook will focus on the challenges of BOM management and how a cloud-based software-as-a-service (SaaS) approach can help companies overcome those challenges.