What Information Can Be Gleaned from a Bill of Materials

question 86

Essay

What information can be gleaned from a bill of materials? If you were asked to produce an item based solely on a copy of its BOM, what missing information would you need?

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Definitions:

Collude

When two or more firms or entities agree to work together, typically secretly and illegally, to fix prices, rig bids, or form a monopoly to eliminate competition and increase profits.

Profit Margins

A financial metric that represents the percentage of revenue that exceeds the costs involved in producing goods or services.

Prisoners' Dilemma

A scenario in game theory showing why two rational individuals might not cooperate even if it's in their best interest to do so.

Collusive Agreement

An arrangement among competing firms to coordinate actions or fix prices, often in secret, to limit competition.