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Netstock
Netstock
Netstock is a cloud-based inventory management solution which helps businesses handle purchase orders, customers, suppliers, demand forecasting and more on a unified platform. It allows professionals to manage bills of materials (...Read more about Netstock
MRPeasy
MRPeasy
MRPeasy is a versatile cloud-based ERP system for small and scaling companies (perfect for up to 200 employees). The software offers a complete ERP solution with robust production planning and inventory management functionalities ...Read more about MRPeasy
ERPAG
ERPAG
ERPAG is a cloud-based enterprise resource planning (ERP) solution. It is suitable for small and midsize businesses in various industries, including automobile, retail, education, information technology and more. Primary features ...Read more about ERPAG
abas ERP
abas ERP
Abas ERP is a solution geared towards small to midsize manufacturers and distributors. Abas has three main application offerings on the market today: Abas ERP, Abas Distribution and Abas eB, a line of e-business solutions that can...Read more about abas ERP
S2K Enterprise
S2K Enterprise
VAI is an independent software developer and the author of S2K Enterprise, an award winning cloud-based ERP solution utilized by customers operating across the distribution, manufacturing, specialty retail, and service sectors, wi...Read more about S2K Enterprise
JOBSCOPE
JOBSCOPE
Jobscope is a cloud-based manufacturing solution that helps aerospace, electronics, industrial machinery, metals, automotive and high technology companies in enterprise resource planning (ERP) functions. Key modules of the solutio...Read more about JOBSCOPE
IFS Cloud
IFS Cloud
IFS Cloud is a composable enterprise software application that orchestrates customers, people, and assets to reduce complexity, cost and risk as you plan, manage and optimize critical asset availability, strive for operational exc...Read more about IFS Cloud
Decision Builder
Decision Builder
Decision Builder ERP is an enterprise resource planning (ERP) solution that serves companies in the manufacturing, distribution and service fields throughout the North American continent. Decision Builder is an integrated sy...Read more about Decision Builder
Infor LN
Infor LN
Infor LN is a powerful ERP solution for managing end to end processes with greater efficiency and data driven insights. It is available on premises or in the cloud and is core to industry-specific solutions: CloudSuite Aerospace &...Read more about Infor LN
BatchMaster ERP
BatchMaster ERP
BatchMaster Software offers process manufacturing software solutions for the food, chemical, nutraceutical and pharmaceutical industries. Users can run the manufacturing application with QuickBooks, Sage 100&300, Microsoft Dynamic...Read more about BatchMaster ERP
Expandable ERP
Expandable ERP
Expandable by Expandable Software, Inc. is an enterprise resource planning (ERP) solution designed for manufacturers of all sizes. It offers material requirement planning, production planning, accounting, business intelligence and...Read more about Expandable ERP
Manufacturing & SFC
Manufacturing & SFC
Transform your extensive manufacturing processes into easily accessible, efficient procedures. Geneva Systems offers MRP & Manufacturing Execution software. Our MRP & Manufacturing Execution module is a robust and comprehensive ...Read more about Manufacturing & SFC
NetSuite
NetSuite
With an integrated system that includes ERP, financials, commerce, inventory management, HR, PSA, supply chain management, CRM and more – NetSuite enables fast-growing businesses across all industries to work more effectively by a...Read more about NetSuite
PRIMS
PRIMS
PRIMS or "Product Recipe Ingredient Management System" is recipe management software for programmable logic controller-based ingredient batching systems. It offers recipe management, batch management, inventory control, lot tracki...Read more about PRIMS
NDS ERP Solutions
NDS ERP Solutions
NDS Systems provides enterprise resource planning (ERP) solutions for small to mid-sized organizations in the discrete manufacturing, wholesale distribution and fulfillment industries. It is built on Oracle platform which helps in...Read more about NDS ERP Solutions
SYSPRO
SYSPRO
About SYSPRO SYSPRO is an enterprise resource planning (ERP) solution that is industry-built and provides last-mile capabilities for manufacturing and distribution businesses. SYSPRO provides the solutions, processes, and tools to...Read more about SYSPRO
JD Edwards EnterpriseOne
JD Edwards EnterpriseOne
Oracle JD Edwards EnterpriseOne is an enterprise resource planning software with primary features such as real estate management, human capital management, environmental health and safety and commodity trading. What is JD...Read more about JD Edwards EnterpriseOne
Fitrix ERP
Fitrix ERP
Fitrix Electronics Manufacturing ERP solution offers an integrated application for accounting, distribution and manufacturing management functions. It is fit for small and midsize companies in discrete, make, and assemble-to-order...Read more about Fitrix ERP
Fishbowl
Fishbowl
Fishbowl is the #1 manufacturing and warehouse inventory management software! Its powerful inventory control system gives your small or midsize business the exact tools needed to transform your inventory management and scale your ...Read more about Fishbowl
MISys Manufacturing
MISys Manufacturing
MISys Manufacturing is a cloud-based and on-premise manufacturing solution designed for small and midsized companies. It caters to electronics, food and beverage, aerospace, defense, chemicals, health and beauty, medical devices, ...Read more about MISys Manufacturing
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Buyers Guide
Last Updated: March 16, 2023Accuracy of production and consistency characterize strong manufacturing operations. Like a good recipe, each item on a bill of materials needs to be exactly right to produce high-quality end products while maintaining equipment effectiveness and production rates.
Bill of materials (BOM) management is a critical functionality for modern manufacturing operations, and is often included as part of a manufacturing resource planning (MRP) system or enterprise resource planning (ERP) system.
With hundreds of options for manufacturing systems, it can be challenging to identify the capabilities you need and find the vendors that best meet your requirements. This Buyer's Guide is designed to give you the information you need to make the best decision for your business quickly.
Here's what we'll cover:
What Is Bill of Materials Software?
Common Features of Bill of Materials Software
Benefits of Bill of Materials Software
Popular Bill of Materials (BOM) Softwaer
What Is Bill of Materials Software?
Bill of materials (BOM) software automates the process of listing the individual components that make up a product in the manufacturing setting. Users can create item profiles for every part that goes into a specific product, then use these to create multiple lists for a single product to show subassemblies.
For years, this process was performed manually on paper. Spreadsheets helped businesses track more information about each part than was possible on paper, but the manual entry of data is tedious and error-prone.
Many still rely on Excel, but manufacturing systems and ERPs with BOM functionality help companies manage and automate this important task. This becomes crucial when working with multiple teams, sites and service providers on the same project.
The BOM view in Fishbowl Manufacturing, with fields to create a new item profile
BOM software is also necessary for growth. Optimizing accuracy and quality from the beginning of the process allows manufacturers to increase production volume and scale the business.
Common Features of Bill of Materials Software
The features included in a BOM system support data entry, workflow management and data analysis functions. These may include:
Multilevel BOM | Create profiles for items in the system that can then be combined to create a completed project. BOM software ensures that all subassemblies and component parts are listed in the system for accuracy. |
Routing management | Determine the best machines and equipment to use for a specific project. Takes into account the characteristics of each production asset to automatically distribute the work in the most efficient way possible. |
Cost maintenance | Calculate costs for each item in a bill of materials. This tool can multiply the cost by quantities needed and factor in any other costs, such as tooling or overhead operational costs. |
Change history | Track fluctuations in the availability and cost of materials and parts. By tracking all of these changes, software helps companies remain in compliance and maintain a paper trail for potential audits. |
Document management | Keep important documents accessible to every organization involved in the supply chain. |
Reporting | Generate reports to see how each item is utilized, which can be useful for identifying problems and streamlining production processes. Reports can also be exported to external systems, such as an ERP. |
Benefits of Bill of Materials Software
Spreadsheets have been a popular tracking method for many years, but thousands of companies reached out to Software Advice in the past year alone to upgrade to dedicated manufacturing systems.
Any organization with plans to scale the business and take on a larger volume of orders needs true automation to manage the increased complexity of a modern manufacturing operation.
Here are the main benefits BOM offers over spreadsheets:
Easy-to-find items. BOM software assigns a code to each item and lets users create custom names, making it simple and quick to find specific items or subassemblies in the system.
Share real-time data. When implemented, BOM software and other manufacturing systems are accessible by other stakeholders, including management, external service providers and other logistics teams in real time. This means any changes that occur at one site will be reflected immediately in the system for everyone else, preventing any production mistakes as a result of miscommunication.
Maintain production history. Audits and compliance problems can cause big headaches for manufacturers. With a BOM system, every change to items or the production process is recorded and saved, so documents proving compliance are always on-hand.
Popular Bill of Materials (BOM) Software Comparisons
Market Trends to Know About
Mobile devices are changing manufacturing. Mobile devices are increasingly being implemented as work tools in various industries, including manufacturing. With these devices, workers can carry all the important production information wherever they are in your shop, and maintenance teams in your plant can receive repair requests immediately.
ERP integration becomes more widespread. ERP systems offer a holistic view of operations, so many companies, including manufacturers, are adopting these platforms to manage the front and back end of the business. An MRP offers similar functionality with a focus on manufacturing, while most other manufacturing systems, such as a manufacturing execution system (MES), can integrate with an organization's existing ERP.
3D printing is extending asset lifespan. 3D printing is another trend seeping into the manufacturing world. Also known as "additive manufacturing," companies are using 3D printing technology to craft spare parts to maintain important machinery, saving money and time. It's also being used as a supplement to the typical production process.
Contract manufacturing and outsourcing on the rise. More and more manufacturers are opting to outsource portions of their production process to save money and improve quality by working with external providers that can perform certain processes better. Modern manufacturing software is able to integrate each of these partners into one system.