Glossary for Industry Terms

Learn industry terms, acronyms and more!

Bill of Materials (BOM)

What is a Bill of Materials list?

Bill of Materials (BOM) is the list of materials used in the production of an item. They are sometimes known as the product structure or product makeup.

Bill of materials (sometimes mispelled as Biller Materials) can include individual materials, intermediate assemblies and sub-assemblies, parts, components and amounts.

Depending on the user and the objectives of the BOM, a bill of materials may be incredibly detailed or a high level overview of the product.

From individual materials and quantities, to simple, sub-components that form the product makeup, bill of materials are important to have. BOMs can help manufacturers make the product, and are also helpful to brands wanting to understand their cost of production.

Manufacturing efficiencies are gained by regularly assessing the cost of items on your bill of materials.

Share this post:

Share on facebook
Share on linkedin
Share on twitter
Share on email

Join the MetaFuro community and learn more about building and growing your business.

Get free business tips and resources emailed to your inbox.

    Subscribe To Our Newsletter

    Get updates and learn More Tips for your Business

      Want To Launch Your Products Faster?

      Check out MetaFuro for a Free Trial!

      contact us
      Arrow-up