How to understand BOM creation in Microsoft Dynamics 365 for Operations (AX7)

The way you create BOMs in Microsoft Dynamic 365 for Operations (aka AX7) has slightly changed from earlier versions and can throw even an experienced user for a loop.

Let's start with AX 2012 and make sure we completely understand how it worked there. Normally we create BOMs from the Released Product.  I am on a released product and after clicking "lines" in the Engineering section of the action bar in the top, we get this screen, the very familiar BOM-screen.

We could always choose between "New&q...

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