Is there is custom program in the works that allows us to print labels for all Work Order BOM components.

I have two crystal reports.
 
One of them prints "Tub tags".  These are small, label sized tags that show the component Item number and description in the middle, various BOM information around the edge, and a tag x of y count.
 
The other report prints an actual label that is about .5 x 1 inch.  We use these to label packages and sticks of components that we send off to the pick and place contractor.
 
Contact me if you would like me to email a pdf example of these reports.