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What is bill of material ?

Bill of material is famous with short form BOM in manufacturing industry . If we write all raw material on a single list , this list becomes bill of material so , in accounting all raw material is recorded in single database by using access database or ms excel . It is different from bill of order and bill of quantities . Bill of material is used just for reporting and telling how will a product will be created but bill of order is formal document of purchase order and bill of quantity is used for telling the detail of material with its given terms and conditions . BOM is also telling the total sitemap of any product which is made by including different products at different process or it is defined as product structure tree which is used for getting all information of raw materials . BOM is also famous word in engineering line because it explains the detail of design of any finished product contain raw material in it .

Example of bill of material

Level Part # Revision Quantity Unit Description Make/buy
1 1684 B Parent Ea Field Adapter Make
2 1547 J 1 Ea Control Buy
2 1676 C 1 Ea Moisture Tester Make
3 1870 B 4 Ea Enclosure Buy
3 1200 D 4 Ea Machine Screw Buy
3 0900 F 1 Ea Encapsulant Buy
2 1464 AA 2 Ea Precipitator Assy. Make
3 5201 E 2 Ea Element Buy
3 5700 E 2 Ea Housing Buy
3 9800 D 8 Ea Machine Screw Buy
3 1200 G 2 Ea Precipitator Buy

BOM is a term which also uses in cost accounting , product costing, inventory, and production management .

More simple example

Suppose if a company manufactures the door, the bill of materials will be a white door gasket, lock assembly, key lock, inner lid panel, outer door panel, plug button, screw washers, panel clips, and insulation .

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Accounting Education: What is bill of material ?
What is bill of material ?
Accounting Education
https://www.svtuition.org/2009/06/what-is-bill-of-material.html
https://www.svtuition.org/
https://www.svtuition.org/
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