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Companies that manufacture physical or discrete products design and produce assemblies comprised of individual parts. A part (sometimes referred to as a component or item) is a constituent piece of a product. Product assemblies are documented and defined using bills of materials (BOMs) that provide the full recipe required to build the finished product.
Components are individual parts or items that are used to build a product. Bills of materials (BOMs) provide the complete list of components that are used to assemble the finished product.
A product refers to a larger manufactured object that is offered for sale, whereas a component refers to a smaller, self-contained portion of the finished product..
A component assembly is the combination of individual components to form a finished product. The assembly can be comprised of mechanical, electrical, or software components.
Read our best practice articles on effective item and document management.
