Bill of materials , Other Management

Assignment Help:

Bill of Materials 

Bill of Materials (BOM) is an important document for any project, production before launching or material requirement planning process. 

The American Production and Inventory Control Society (APICS) defines a BOM as "a listing of all sub assemblies, intermediates, parts and raw materials that go into making the parent assembly showing the quantities of each, required to make an assembly". 

BOM serves the following purposes: 

?  It specifies the components required for a project. 

?  It provides a platform for recording the engineering changes in parts consequent to change in design. 

?  It is a ready beckoner for purchase parts and manufactured parts for the end product. 

?  It provides a list of parts required to make a subassembly, assembly and final product. 

?  It can participate as costing a tool. 

Identification of parts is an important requirement in preparation of BOM. Each part that goes into a product is identified by unique part number, which is not assigned to any other part. A part with the same material, shape, but with different finish, like painting  instead of plating, is assigned a different number. In conclusion, BOM can be described as a summarised parts list for making one set of complete assembly. 

BOM is further exploded to arrive at the total quantitative requirement of a part/component for batch quantity. If the part under reference has multiple uses in different products, that is, in manufacture of variants of the same product, then the requirement is assessed across the variants to arrive at a quantity. The quantity thus arrived is termed as  gross requirement. In a project running continuously over a period, the situation is highly dynamic as a few numbers of this part may be available in stock within the plant and few pieces ordered earlier may be in pipeline (that is in transit). Hence, all these quantities are taken into consideration before arriving at net requirement for either manufacture or supply.  


Related Discussions:- Bill of materials

Definitions of classification terminology, DEFINITIONS OF CLASSIFICATION TE...

DEFINITIONS OF CLASSIFICATION TERMINOLOGY: Most of the terms with definitions were used for the first time in the first edition of Prolegomena to Library Classification (1937)

Types of reference work - library management, Types of Reference work: ...

Types of Reference work: a) The conservative approach is based on the fact that the users should be instructed on how to use books and libraries rather than on delivery of inf

Physical processing work - procedures, Physical Processing Work: Cutt...

Physical Processing Work: Cutting : It is often found that books are received with partially uncut sections. If these are left unnoticed, readers may carelessly open up the p

Social opportunity costs of capital, QUESTION a) Describe cost benefit ...

QUESTION a) Describe cost benefit analysis as used to appraise large public sector investments b) Compare as well contrast cost benefit analysis with investment appraisal

Explain the hawthorne studies, Question: There is no one specific metho...

Question: There is no one specific method of categorizing organization theories. However, it is generally accepted that: (a) The Type 1 theorists, also known as the classica

Maturity model in cobit 5, Maturity model in CobiT 5: CobiT 5 maturity ...

Maturity model in CobiT 5: CobiT 5 maturity model is based on the ISO/IEC 15504. This new model presents some differences (CobiT 5 2012). However, an important similarity betwe

Conflicting factors - problems in acquisition, Conflicting Factors: De...

Conflicting Factors: Demand, supply and finance are the three major factors governing collection development. Both demand and supply will be increasing while finance will be a

Exchange/interchange communication format, Exchange/Interchange Communicati...

Exchange/Interchange Communication Format Exchange formats are also known as interchange/communication formats. Exchange formats are used for exchange of records between syste

Determine the acceptance of an e_payment method, Question: (a) In what ...

Question: (a) In what way does e_banking differ from traditional banking in terms of its services they offer? Provide suitable examples where necessary. (b) List and explai

Analyze the national and regional planning process, QUESTION Previously...

QUESTION Previously, there was much emphasis on preparation of the end state ‘master plan', which was assumed to be sufficient for guiding and controlling future development pa

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd