Why a Bill of Materials is important
If the nature of your business is production and manufacture, you’re likely to have experience with a Bill of Materials (BoM), or use them in your everyday work.
A Bill of Materials is a comprehensive list of components, labour and equipment required to build a product. Although they’re an essential part of the manufacturing process, there’s a lot of discussion online about why Bill of Materials are important. We thought we’d list the reasons for you here, so you can see why they’re so vital and how they can benefit this type of organisation.
You get a custom-made shopping list
Bills of Materials are often referred to as ‘recipes’ or ‘shopping lists’. They mention every raw material needed, and in what quantity, which makes the procurement of materials a much simpler task. These can also be scaled up and down depending on budgets.
Never run out of materials again
With a clear list of materials, quantities and inventories, you should be able to manage what you need to ensure you never run of materials again. BoM or manufacturing software will allow you to set reminders when stock is running low too.
With a comprehensive list of what is needed to complete a project, planners have all the data they need to map out how long the project will take and how many people need to be involved.
With better planning comes more accurate knowledge on how much time a task will take. This allows your sales team to cost up jobs and orders more effectively – making the company more profit overall. That’s why it’s worth including some of the sales team in the BoM creation.
It unites all departments
Simply in the nature of its creation, a Bill of Materials makes sure all departments are working as one. When creating an accurate BoM, you need the input from design, procurement, manufacture and sales to make sure the document is 100 percent accurate.
If you’re looking for advice about manufacturing software, or creating Bills of Materials for your business, get in touch with the Cellular Solutions team today.
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Ultium Cells LLC/Li-Cycle: Sustainable Battery Manufacturing
Ultium Cells LLC - a joint venture between General Motors and LG Energy Solutions - has announced its latest collaboration with Li-Cycle. Joining forces the two have set ambitions to expand recycling in North America, recycling up to 100% of the scrap materials in battery cell manufacturing
What is Ultium Cells LLC?
Announcing their partnership in December 2019, General Motors (GM) and LG Energy Solutions established Ultium Cells LLC with a mission to “ensure excellence of Battery Cell Manufacturing through implementation of best practices from each company to contribute [to the] expansion of a Zero Emission propulsion on a global scale.”
Who is Li-Cycle?
Founded in 2016, Li-Cycle leverages innovative solutions to address emerging and urgent challenges around the world.
As the use of Lithium-ion rechargeable batteries in automotive, industrial energy storage, and consumer electronic applications rises, Li-Cycle believes that “the world needs improved technology and supply chain innovations to better recycle these batteries, while also meeting the rapidly growing demand for critical and scarce battery-grade materials.”
Why are Ultium Cells LLC and Li-Cycle join forces?
By joining forces to expand the recycling of scrap materials in battery cell manufacturing in North America, the new recycling process will allow Ultium Cells LLC to recycle cobalt, nickel, lithium, graphite, copper, manganese and aluminum.
“95% of these materials can be used in the production of new batteries or for adjacent industries,” says GM, who explains that the new hydrometallurgical process emits 30% less greenhouse gases (GHGs) than traditional processes, minimising the environmental impact. Use of this process will begin later in the year (2021).
"Our combined efforts with Ultium Cells will be instrumental in redirecting battery manufacturing scrap from landfills and returning a substantial amount of valuable battery-grade materials back into the battery supply chain. This partnership is a critical step forward in advancing our proven lithium-ion resource recovery technology as a more sustainable alternative to mining, " said Ajay Kochhar, President, CEO and co-founder of Li-Cycle.
"GM's zero-waste initiative aims to divert more than 90% of its manufacturing waste from landfills and incineration globally by 2025. Now, we're going to work closely with Ultium Cells and Li-Cycle to help the industry get even better use out of the materials,” added Ken Morris, Vice President of Electric and Autonomous Vehicles, GM.
Since 2013, GM has recycled or reused 100% of the battery packs it has received from customers, with most current GM EVs repaired with refurbished packs.
"We strive to make more with less waste and energy expended. This is a crucial step in improving the sustainability of our components and manufacturing processes,” concluded Thomas Gallagher, Chief Operating Officer, Ultium Cells LLC.