What is bill of materials in SAP PLM-PLC - Product Lifecycle Costing?

SAP Term: bill of materials

• Component: PLM-PLC

• Component Name: Product Lifecycle Costing

• Description: A complete, structured list of the components that make up an object. The list contains the description, the quantity, and unit of measure. The components are referred to as items.

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• Key Concepts: 
  A bill of materials (BOM) is a list of the components, parts, and raw materials needed to create a product. It is used in product lifecycle costing (PLC) to track the cost of each component and the total cost of the product. The BOM also includes information about the quantity and type of each component, as well as any assembly instructions. 
  
  How to use it: 
  The BOM is used to track the cost of each component in a product’s lifecycle. This includes the cost of raw materials, labor, and other costs associated with production. The BOM also helps to identify any potential problems with the product’s design or production process. 
  
  Tips & Tricks: 
  When creating a BOM, it is important to include all relevant information about each component. This includes the quantity, type, and any assembly instructions. Additionally, it is important to keep the BOM up-to-date as changes are made to the product’s design or production process. 
  
  Related Information: 
  The BOM is an important part of SAP’s Product Lifecycle Costing (PLC) module. PLC helps companies track and manage their costs throughout the product lifecycle. Additionally, SAP offers a variety of tools and services to help companies manage their BOMs more effectively.