diff --git a/.github/workflows/_bump-my-version.yml b/.github/workflows/_bump-my-version.yml
new file mode 100644
index 0000000..bf96952
--- /dev/null
+++ b/.github/workflows/_bump-my-version.yml
@@ -0,0 +1,35 @@
+name: Bump version
+
+on:
+  workflow_dispatch:
+    inputs:
+      bump-type:
+        description: 'Bump type'
+        required: true
+        default: 'patch'
+        type: choice
+        options:
+        - major
+        - minor
+        - patch
+
+jobs:
+  build:
+    runs-on: ubuntu-latest
+    steps:
+      - name: Checkout the code
+        uses: actions/checkout@v4
+
+      - name: Bump version
+        id: bump
+        uses: callowayproject/bump-my-version@master
+        env:
+          BUMPVERSION_TAG: "true"
+        with:
+          args: ${{ inputs.bump-type }}
+          github-token: ${{ secrets.GH_TOKEN }}
+
+      - name: Check
+        if: steps.bump.outputs.bumped == 'true'
+        run: |
+          echo "Version was bumped from ${{ steps.bump.outputs.previous-version }} to ${{ steps.bump.outputs.current-version }}!"
diff --git a/CHANGELOG.md b/CHANGELOG.md
index b77136c..f6f8d35 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,7 @@ The changelog format is based on [Keep a Changelog](https://keepachangelog.com/e
 
 ### Changed
 
+* Add bump-my-version for handling release versions/updating in different files.
 * Add README page for Examples dir, add generated FMUs for each example (given FMI tools page requirements for Examples), and update the files generated by mlfmu codegen (add for pyspark example)
 * Generation of modelDescription.xml file to correctly generate tags for each output with 1-indexed indexes and InitialUnknowns tags
 * Generation of modelDescription.xml adds the variables (inputs, parameters and outputs) in the orderer of their valueReference. This is for the indexing to work correctly
diff --git a/README.md b/README.md
index 67b8972..a59f6d8 100644
--- a/README.md
+++ b/README.md
@@ -320,7 +320,7 @@ Hee Jong Park - [@LinkedIn](https://www.linkedin.com/in/heejongpark/) - <hee.jon
 
 For your contribution, please make sure you follow the [STYLEGUIDE](STYLEGUIDE.md) before creating the Pull Request.
 
-Note; version numbers should be updated in: `CHANGELOG.md`, `pyproject.toml`, and `source/docs/conf.py`.
+Note; version numbers are in: `CHANGELOG.md`, `pyproject.toml`, and `docs/source/conf.py` (and should be automatically updated by bump-my-version upon release).
 
 ## Errors & fixes
 
diff --git a/pyproject.toml b/pyproject.toml
index 104f3f0..a520b56 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -85,6 +85,7 @@ dev-dependencies = [
     "sphinxcontrib-mermaid>=1.0.0",
     "myst-parser>=4.0",
     "furo>=2024.8",
+    "bump-my-version>=0.29.0"
 ]
 native-tls = true
 
@@ -159,3 +160,32 @@ reportUnnecessaryTypeIgnoreComment = "information"
 # reportConstantRedefinition = "warning"
 # reportImportCycles = "warning"
 # reportImplicitStringConcatenation = "warning"
+
+
+[tool.bumpversion]
+current_version = "1.0.2"
+parse = "(?P<major>\\d+)\\.(?P<minor>\\d+)\\.(?P<patch>\\d+)"
+serialize = ["{major}.{minor}.{patch}"]
+search = "{current_version}"
+replace = "{new_version}"
+regex = false
+ignore_missing_version = false
+tag = false
+sign_tags = false
+tag_name = "v{new_version}"
+tag_message = "Bump version: {current_version} → {new_version}"
+allow_dirty = false
+commit = false
+message = "Bump version: {current_version} → {new_version}"
+commit_args = ""
+
+[[tool.bumpversion.files]]
+filename = "docs/source/conf.py"
+
+[[tool.bumpversion.files]]
+filename = "CHANGELOG.md"
+search = "## Unreleased"
+replace = "## [{new_version}]"
+
+[[tool.bumpversion.files]]
+filename = "pyproject.toml"