Agile Product Development
A traditional waterfall process usually includes people responsible for each step of the overall product development process but is poorly connected and integrated. Multiple engineers working in MCAD, PCB design tools, and software development, and later, integrating and combining the results in a single bill of materials (BOM) with all related information, performing purchasing and assembly.
OpenBOM allows companies to move from a traditional waterfall model to the agile process. It includes the capability to iterate faster with minimum effort.