Realtime Monitoring of BOM

Is it possible that we make a Live BOM , in which the procedure of manufacturing and ingridients will be mentioned on the Screen of BOM , once user adds any component than he will keep of marking the same on touch screen .

Once he submit the final completion the Ready Product to be transferred to Finished Goods Store / Semi Finished store where it can be a part for other BOM.

You don’t need a BOM for that. You can just create a Stock Entry to convert your raw materials into another.