The bill of materials is a significant documentation process that will help your manufacturing unit. However vital the documentation and management of BOM is, it is a complicated task to do.
So using a bill of materials excel template will help you ace the managing of BOM. You can also customize and adjust the template as you wish.
What is the Bill of Materials?
The bill of materials is typically a recorded document containing the list of components used to manufacture a product. It includes the raw materials, sub-components, materials used for assembling, etc.
Take the example of a chocolate cookie. If it has a BOM, it will consist of sugar, chocolate chips, butter, flour, etc.
Documenting BOM will help you in multiple ways. For instance, in case the quality of the product fades, you can quickly identify the specific component and trace the problem. BOM is extensively utilized by your finance team as well.
If a raw material cost is increased, your team could immediately work out the effect on the overall price of the product. Similarly, any team of yours, be it engineering, design, marketing, product management or operations and manufacturing, will need BOM.
Using Excel for documenting BOM
While you can use any software to document bills of materials, most companies use Microsoft Excel. However, searching for designing a perfect BOM spreadsheet might take you forever. So, we at Exsheets have curated a template just for you.
Using excel for BOM provides different benefits.
Benefits
- Have all your data regarding product lifecycle in one space.
- Use a template ready sheet to save your time.
- Customize the format as you wish.
- Reduce data entry errors using excel data validation.
- Easy to rearrange and reformat your data.
- Standardized communication across different teams.
- Better accuracy, scalability and traceability of details.
Free bill of materials excel template
Now that you know the benefits of using BOM and managing it using excel, let’s make this much more accessible. Using a standard excel template will give you an upper hand in recording all necessary details.
You do not have to search all over the internet to get hold of the BOM spreadsheet template. We have created a free template just for you.
The templates are workable, and you can reformat them whenever needed. Different columns are available to add categories, part names, item numbers, quantities, inventory levels, etc. It will be helpful for everyone, even if you are just a beginner.
For small businesses or entrepreneurs who are just starting out, using free excel templates is a powerful way to grow their business. You can find easy templates for free use at Exsheets.
Download the free template today and start managing your bills of materials in excel like a pro.
Final Thoughts
Like cooks have their ingredients list, your business needs a bill of materials list. Accessing and managing it using an excel spreadsheet, you can structure and organize the data available. However, manually getting the formats done is difficult. So use free bills of material excel template from Exsheets and save your time.
