Effective BOM management is essential for product development success. Learn the five common management mistakes that may be costing your business in our best practices article.
Maintaining a clear, time-stamped record of every BOM revision helps organizations gain full traceability and enhance decision making.
With a full BOM history, teams can:
Traditionally, product teams relied on paper files and spreadsheets to maintain BOM information. These disconnected systems made it challenging to track changes and identify the latest revisions. In today’s product development environment, BOMs are stored and updated in modern software systems like cloud product lifecycle management (PLM) and quality management system (QMS) solutions. These digital platforms provide a more structured way to manage changes and track BOM revisions.
Cloud PLM and QMS provide a single source of truth to manage product and quality information throughout the entire lifecycle.
Key capabilities:
Having real-time access to historical BOM data from a single trusted source reduces the risk of errors and miscommunication. With greater visibility and traceability into the product history, organizations unlock new efficiencies, strengthen compliance, and deliver greater value to their customers.
BOM history gives procurement teams access to time‑stamped records of every BOM revision, including the exact components and subassemblies used at the time of manufacture. This enables them to:
BOM history allows field service teams to:
Warranty teams benefit by:
BOM history simplifies compliance by providing:
With accurate historical BOM data, companies can:
BOM history strengthens supply chain resilience by helping teams:
During M&A activities, BOM history provides: