What is a Bill of Materials (BOM) in Procurement and Sourcing?
A Bill of Materials (BOM) is a detailed list of all the materials, components, and assemblies required to manufacture a product.
In warehousing and procurement, it plays a key role in guiding sourcing decisions, ensuring that every part necessary for production is accounted for and available at the right time.
Understanding BOM helps streamline operations and avoids costly delays caused by missing components.
Stay ahead in the game by mastering BOM in your supply chain management!