A bill of materials is a comprehensive list of all of the components, subassembled parts and raw materials needed to build your product, along with instructions on obtaining and using said materials. ...

The Bill of Materials (BOM) is just a subset of the Cost of Goods Sold (COGS), and if you aren’t selling your product for more than your COGS, you will lose money and go out of business.

How to Write a Bill of Materials List in Excel. Creating and maintaining a complete bill of materials is key to proper communication between those collaborating on a product or project.

One such practice is developing a standardized and integrated process to create, update, and syndicate bill of materials (BOM) data. A BOM is a list of the parts or components that are required to ...