BOMs facilitate effective, efficient and accurate manufacturing by identifying all necessary details within the process of a product. This allows companies to be more confident that the final product will meet their expectations and more consistently. A BOM also encourages the following:
- Efficiency. Streamlines the process of production with clear guidelines and information.
- Cost Control. Provides clarification in costs to help budgeting and financial planning.
- Inventory Management. Assists in better managing stock units and procurement materials.
- Collaboration. Encourages communication between various departments creating a more harmonious environment.
