BOM management in PCB design streamlines component selection, inventory tracking, and cost estimation. It ensures optimal component choices based on functionality, cost, and availability, while also facilitating inventory control to prevent shortages or overstocking. By maintaining accurate cost estimates, designers can meet budget constraints effectively.
Additionally, it aids in supplier evaluation and selection, ensuring timely procurement of quality components. Version control of the BOM minimizes errors and discrepancies, while compliance documentation guarantees adherence to industry standards.