EXPLAIN the difference between Bill of Materials and Material Requisition Note.

Difference between Bill of Materials and Material Requisition Note Bill of Materials Material Requisition Note 1. It is the document prepared by the engineering or planning dept. 1. It is prepared by the production or other consuming department. 2. It is a complete schedule of component parts and raw materials required for a particular job or work order. 2. It is a document asking Store-keeper to issue materials to the consuming department. 3. It often serves the purpose of a material requisition as it shows the complete schedule of materials required for a particular job i.e. it can replace material requisition. 3. It cannot replace a bill of materials. 4. It can be used for the purpose of quotations. 4. It is useful in arriving historical cost only. 5. It helps in keeping a quantitative control on materials drawn through material requisition. 5. It shows the material actually drawn from stores.