What’s the difference between BPM and BOM? On the surface, it may seem like these two terms describe similar concepts – but there is an important distinction to be made. BPM stands for Business Process Management, which focuses on leveraging technology to improve organizational efficiency. BOM stands for Bill of Materials, which is a document that specifies all the parts and components required to manufacture a product. Put simply, BPM helps streamline workflow and drive business results, while BOM ensures that the right parts are used in the right order to create a high-quality product. In other words, BPM is focused on strategy while BOM is focused on operations.