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Companies that create discrete products do so by designing assemblies comprised of individual components. A component (sometimes referred to as an item or part) is a key part of the product. Product assemblies are documented and defined using bills of materials (BOMs) that provide the full recipe required to build the finished product.
Sensors, integrated circuits (ICs), capacitors, transistors, and batteries are examples of components.
*Source: https://www.build-electronic-circuits.com/basic-electronic-components/
The terms part and component are used interchangeably to describe the constituent piece or key ingredient that is used to build a product.
Read our best practice articles on effective item and document management.
