Materials
The things you consume.
Raw materials used to make your products—such as filament,
wood, acrylic, fabric, resin, or other consumable inputs.
Components
The things you buy and put into a product.
Purchased parts or items used as part of a finished product,
such as hardware, magnets, electronics, fasteners, or other
discrete pieces.
Bill of Materials
The recipe for your product.
A BOM defines what a product requires—the materials,
components, and other items that go into making it.
COGS
Cost of goods sold.
The cost associated with the products you've actually sold,
allowing revenue to be compared with the cost behind those sales.
Gross Profit
What's left after product cost.
The difference between revenue and cost of goods sold before
other business expenses are considered.
Margin
Profit as a percentage of revenue.
Margin helps show how much of each sales dollar remains after
the cost associated with the product.