What term refers to a display that includes all components directly or indirectly used in a parent item, along with the required quantity of each component?

The correct term that encompasses all components, both directly and indirectly related to a parent item, along with the necessary quantity of each component, is identified as a Multi Level Bill of Material. This type of bill of material (BOM) provides a comprehensive view of the entire product structure, detailing each level of components required to assemble the final product.

In a Multi Level BOM, the hierarchy is significant as it captures complex relationships among parts, allowing for better planning and coordination of materials and resources throughout the production process. Each level of the bill signifies how components are related, thereby aiding in understanding the entire product's composition.

A Single Level Bill of Material, in contrast, lists only the components that are directly associated with the parent item but does not provide the full hierarchy or the indirect components. A Planning Bill of Material is utilized primarily for planning purposes and may not include all the component details necessary for the actual production process. The Two Level Master Schedule refers to a scheduling framework rather than a component listing.

Thus, a Multi Level Bill of Material is essential for detailed planning and management of resources in manufacturing environments, providing clarity on the quantities needed for all components throughout the production hierarchy.