Bill of materials (BOM) computations use data from a variety of sources to determine a manufactured item’s typical costs. Information regarding items, bill routings, indirect cost calculation algorithms, and the costing version are among the sources.
*Source: https://docs.microsoft.com
Single-level BOMs are typically used for products that are simple in design and do not require any subassemblies.
The two main types of BOMs are engineering BOMs and manufacturing BOMs.
*Source: https://www.investopedia.com
Read our best practices articles for tips on effective and efficient bill of materials (BOM) management.