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My company has only 1 product for now, but it is made up of a BOM of several parts.  I want to keep track of quantities of the individual parts in the BOM as well as the assembled product and WIP (work in progress).  I only see a way to add a product.   Do I consider each individual part a "product" even though they are only part of the 1 product?

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Do I consider each individual part a "product" even though they are only part of the 1 product?

Yes. Everything is a product, whether it is a component, spare part, finished product, intermediate product, etc.

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