Final answer:
The bill of materials indeed contains information on lead times and current inventory positions, which is essential for manufacturing processes to meet demand efficiently.
Step-by-step explanation:
The statement that the bill of materials contains information on lead times and current inventory position on every component required to produce the end item is true. A bill of materials (BOM) is a comprehensive list of parts, items, assemblies, and other materials required to create a product, along with the instructions for gathering and using the required materials. The BOM provides detailed information, including part numbers, descriptions, quantities, costs, and often includes lead times and current inventory levels to ensure production can meet demand without unnecessary delays or excess stock.