What is a bill of materials and how to tackle it?

A Bill of Materials (BOM) is a list of all necessary materials and components required to make a product. To be useful, BOM includes raw materials as well as the quantities of components in the assembly process and the spare parts for repair. Many companies struggle to consolidate all of this information, especially companies that both manufacture and sell products. Component reporting using data analytics is a simple way to tackle BOM to gain clarity and streamline order processes.

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