If a bill of material list is available as shown below you can merge items togetherPart Number Name QuantityWidget A 16 GAGE CRS 48x120 10Widget B 16 GAGE CRS 48X120 3Widget C 14 GAGE CRS 48X36 5When you are estimating you generally would price each of these components separately and then roll the costs up for a grand total. By creating an exploded bill of material which merges these items together you can actually get a more accurate cost because buying 13 if an item may be less expensive then purchasing 10 and 3. The other advantage is if you are using raw materials like sheet stock, tubing, wood, etc. you may have the opportunity to nest the bill of material together to arrive at a quantity required which was 13 and would now be 9 through nesting. Setup and minimums can also be reduced by aggregating the bills of material together.You can see how beneficial an exploded bom is for quoting and estimating. Job costing starts at the estimating and quoting area and extends throughout the ERP package. Job cost estimating software can save you a lot of time, money and energy and help you to win new work.Next we will be talking about an indented or exploded bill of material which includes labor. Most bills of materials do not include a roll up of labor which can be very good for seeing an aggregated view of the labor required to manufacture the job.MIE Solutions provides software products to make your business process more efficient so please take a look at our product line below. MIE Trak and QuoteIt are two products which provide an efficient way to do job shop cost estimating.
Source: https://www.mie-solutions.com/founders-blog/estimating/exploded-bill-of-materials
Now, as the world is getting back on track to some extent after the global pandemic, the industries are trying to regain the momentum they lost in that period, including the manufacturing sector.
However, for discrete manufacturers and distributors to make their businesses a profitable success again, it’s necessary to streamline all processes with clear data insights and uninterrupted visibility over inventory, shop floor and supply chain.
Manufacturers have to work with several inefficient, disjointed systems that are not integrated resulting in manual and duplicate data entry, time delays, miss-messaging, and lost revenue opportunities due to mis-collaboration.
A lack of transparency across your entire production process can lead to revenue loss, inventory buildup as well as delayed deliveries.
There are hardly any production management solutions that serve the needs of every aspect of the business.
Most require multiple point solutions, resulting in slow data entry and incomplete data.
By having these systems built separately you'll be managing many different programs with many different systems, thousands of screens, and millions of lines of code.With manufacturing ERP, you can manage all aspects of production with one solution.
You'll also be able to cut down on the resources and time wasted that come with managing and integrating multiple systems.
Tech Cloud ERP is the best cloud-based ERP software that becomes a perfect integration irrespective of the type of industry.
It supports every product based industry like the wholesale and distribution industry, garment wood manufacturers, engineering project-based companies, pharmaceutical equipment manufacturers, automobile manufacturers, etc.
Tech Cloud ERP provides industry-specific ERP for SMEs and enterprises in India.
Tech Cloud ERP is the dedicated ERP solution that understands the needs and requirements of your manufacturing industry.
OneBusiness ERP offers the best Portfolio Management module that will work in conjunction with the project management module You can Schedule a free Demo todayRead more...
