BOM Management
The processes and tools for creating, maintaining, and collaborating on Bills of Materials—including version control, supplier linking, and real-time updates across teams.
Why it matters
Hardware startups often manage BOMs in Google Sheets or Excel, causing sync problems and supplier confusion. Dedicated BOM management tools (OpenBOM, Propel) solve this by centralizing parts, vendors, and procurement.
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Cite this definition
Finocchiaro, Michael. “BOM Management.” DemystifyingPLM PLM Glossary, 2026, https://www.demystifyingplm.com/glossary/bom-management