diff --git a/.github/workflows/component-release.yml b/.github/workflows/package-release.yml
similarity index 52%
rename from .github/workflows/component-release.yml
rename to .github/workflows/package-release.yml
index cfe0dfc282..3018f3403e 100644
--- a/.github/workflows/component-release.yml
+++ b/.github/workflows/package-release.yml
@@ -1,4 +1,4 @@
-name: Release individual component
+name: Release individual package
 on:
   workflow_dispatch:
     inputs:
@@ -6,15 +6,15 @@ on:
         type: choice
         options:
         - opentelemetry-instrumentation-openai
-        description: 'Release component'
+        description: 'Package to be released'
         required: true
 jobs:
   release:
     runs-on: ubuntu-latest
     steps:
       - run: |
-          if [[ $GITHUB_REF_NAME != component-release/* ]]; then
-            echo this workflow should only be run against component-release branches
+          if [[ $GITHUB_REF_NAME != package-release/* ]]; then
+            echo this workflow should only be run against package-release branches
             exit 1
           fi
 
@@ -27,22 +27,26 @@ jobs:
             major="${BASH_REMATCH[1]}"
             minor="${BASH_REMATCH[2]}"
             patch="${BASH_REMATCH[3]}"
-          elif [[ $version =~ ^0\.([0-9]+)b([0-9]+)$ ]]; then
-            minor="${BASH_REMATCH[1]}"
-            patch="${BASH_REMATCH[2]}"
+            if [[ $patch != 0 ]]; then
+              prior_version_when_patch="${major}.${minor}.$((patch - 1))"
+            fi
+          elif [[ $version =~ ^([0-9]+)\.([0-9]+)b([0-9]+)$ ]]; then
+            major="${BASH_REMATCH[1]}"
+            minor="${BASH_REMATCH[2]}"
+            patch="${BASH_REMATCH[3]}"
 
             if [[ $patch != 0 ]]; then
-              prior_version_when_patch="0.${minor}b$((patch - 1))"
+              prior_version_when_patch="${major}.${minor}b$((patch - 1))"
             fi
           else
             echo "unexpected version: $version"
             exit 1
           fi
 
-          # TODO - don't hardcode path
-          echo "PACKAGE_CHANGELOG=./instrumentation/${{ inputs.package }}/CHANGELOG.md" >> $GITHUB_ENV
+          path=$(./scripts/eachdist.py find-package --package ${{ inputs.package }})
+          echo "CHANGELOG=./$path/CHANGELOG.md" >> $GITHUB_ENV
           echo "PACKAGE_NAME=${{ inputs.package }}" >> $GITHUB_ENV
-          echo "PACKAGE_VERSION=$version" >> $GITHUB_ENV
+          echo "VERSION=$version" >> $GITHUB_ENV
           echo "RELEASE_TAG=${{ inputs.package }}==$version" >> $GITHUB_ENV
           echo "PRIOR_VERSION_WHEN_PATCH=$prior_version_when_patch" >> $GITHUB_ENV
 
@@ -56,7 +60,7 @@ jobs:
         run: |
           if [[ -z $PRIOR_VERSION_WHEN_PATCH ]]; then
             # not making a patch release
-            if ! grep --quiet "^## Version ${PACKAGE_VERSION}" ${PACKAGE_CHANGELOG}; then
+            if ! grep --quiet "^## Version ${VERSION}" ${CHANGELOG}; then
               echo the pull request generated by prepare-release-branch.yml needs to be merged first
               exit 1
             fi
@@ -103,31 +107,14 @@ jobs:
       - name: Generate release notes
         env:
           GITHUB_TOKEN: ${{ secrets.GITHUB_TOKEN }}
-        run: |
-          # conditional block not indented because of the heredoc
-          if [[ ! -z $PRIOR_VERSION_WHEN_PATCH ]]; then
-          cat > /tmp/release-notes.txt << EOF
-          This is a patch release on the previous $PRIOR_VERSION_WHEN_PATCH release, fixing the issue(s) below.
-
-          EOF
-          fi
-
-          # CHANGELOG_SECTION.md is also used at the end of the release workflow
-          # for copying the change log updates to main
-          sed -n "0,/^## Version ${PACKAGE_VERSION}/d;/^## Version /q;p" ${PACKAGE_CHANGELOG} \
-            > /tmp/CHANGELOG_SECTION.md
-
-          # the complex perl regex is needed because markdown docs render newlines as soft wraps
-          # while release notes render them as line breaks
-          perl -0pe 's/(?<!\n)\n *(?!\n)(?![-*] )(?![1-9]+\. )/ /g' /tmp/CHANGELOG_SECTION.md \
-            >> /tmp/release-notes.txt
+        run: ./scripts/generate_release_notes.sh
 
       - name: Create GitHub release
         env:
           GITHUB_TOKEN: ${{ secrets.GITHUB_TOKEN }}
         run: |
           gh release create --target $GITHUB_REF_NAME \
-                            --title "${PACKAGE_NAME} ${PACKAGE_VERSION}" \
+                            --title "${PACKAGE_NAME} ${VERSION}" \
                             --notes-file /tmp/release-notes.txt \
                             --discussion-category announcements \
                             $RELEASE_TAG
@@ -139,62 +126,7 @@ jobs:
       - name: Copy change log updates to main
         env:
           GITHUB_TOKEN: ${{ secrets.GITHUB_TOKEN }}
-        run: |
-          if [[ -z $PRIOR_VERSION_WHEN_PATCH ]]; then
-            # this was not a patch release, so the version exists already in the CHANGELOG.md
-
-            # update the release date
-            date=$(gh release view $RELEASE_TAG --json publishedAt --jq .publishedAt | sed 's/T.*//')
-            sed -Ei "s/## Version ${PACKAGE_VERSION}.*/## Version ${PACKAGE_VERSION} ($date)/" ${PACKAGE_CHANGELOG}
-
-            # the entries are copied over from the release branch to support workflows
-            # where change log entries may be updated after preparing the release branch
-
-            # copy the portion above the release, up to and including the heading
-            sed -n "0,/^## Version ${PACKAGE_VERSION} ($date)/p" ${PACKAGE_CHANGELOG} > /tmp/CHANGELOG.md
-
-            echo "!!!!!!!!!!!!!!!!!!!!!!!!!! 1"
-
-            cat /tmp/CHANGELOG.md
-
-            # copy the release notes
-            cat /tmp/CHANGELOG_SECTION.md >> /tmp/CHANGELOG.md
-
-            echo "!!!!!!!!!!!!!!!!!!!!!!!!!! 2"
-
-            cat /tmp/CHANGELOG.md
-
-            # copy the portion below the release
-            sed -n "0,/^## Version ${PACKAGE_VERSION} /d;0,/^## Version /{/^## Version/!d};p" ${PACKAGE_CHANGELOG} \
-              >> /tmp/CHANGELOG.md
-
-            echo "!!!!!!!!!!!!!!!!!!!!!!!!!! 3"
-
-            cat /tmp/CHANGELOG_SECTION.md
-
-            # update the real CHANGELOG.md
-            cp /tmp/CHANGELOG.md ${PACKAGE_CHANGELOG}
-
-            echo "!!!!!!!!!!!!!!!!!!!!!!!!!! end"
-          else
-            # this was a patch release, so the version does not exist already in the CHANGELOG.md
-
-            # copy the portion above the top-most release, not including the heading
-            sed -n "0,/^## Version /{ /^## Version /!p }" ${PACKAGE_CHANGELOG} > /tmp/CHANGELOG.md
-
-            # add the heading
-            date=$(gh release view $RELEASE_TAG --json publishedAt --jq .publishedAt | sed 's/T.*//')
-            echo "## Version ${PACKAGE_VERSION} ($date)" >> /tmp/CHANGELOG.md
-
-            # copy the release notes
-            cat /tmp/CHANGELOG_SECTION.md >> /tmp/CHANGELOG.md
-
-            # copy the portion starting from the top-most release
-            sed -n "/^## Version /,\$p" ${PACKAGE_CHANGELOG} >> /tmp/CHANGELOG.md
-
-            # update the real CHANGELOG.md
-            cp /tmp/CHANGELOG.md ${PACKAGE_CHANGELOG}
-          fi
+        run: ./scripts/merge_changelog_to_main.sh
 
       - name: Use CLA approved github bot
         run: .github/scripts/use-cla-approved-github-bot.sh
@@ -202,7 +134,7 @@ jobs:
       - name: Create pull request against main
         env:
           # not using secrets.GITHUB_TOKEN since pull requests from that token do not run workflows
-          GITHUB_TOKEN: ${{ secrets.GITHUB_TOKEN }}
+          GITHUB_TOKEN: ${{ secrets.OPENTELEMETRYBOT_GITHUB_TOKEN  }}
         run: |
           message="Copy change log updates from $GITHUB_REF_NAME"
           body="Copy log updates from \`$GITHUB_REF_NAME\`."
diff --git a/.github/workflows/prepare-package-release.yml b/.github/workflows/prepare-package-release.yml
new file mode 100644
index 0000000000..a193cfb1b1
--- /dev/null
+++ b/.github/workflows/prepare-package-release.yml
@@ -0,0 +1,176 @@
+name: Prepare package release branch
+on:
+  workflow_dispatch:
+    inputs:
+      package:
+        type: choice
+        options:
+        - opentelemetry-instrumentation-openai
+        description: 'Package to be released'
+        required: true
+
+jobs:
+  prereqs:
+    runs-on: ubuntu-latest
+    steps:
+      - uses: actions/checkout@v4
+
+      - name: Verify prerequisites
+        run: |
+          if [[ $GITHUB_REF_NAME != main ]]; then
+            echo this workflow should only be run against main
+            exit 1
+          fi
+
+          path=./$(./scripts/eachdist.py find-package --package ${PACKAGE_NAME})
+          changelog=$path/CHANGELOG.md
+
+          if ! grep --quiet "^## Unreleased$" $changelog; then
+            echo the change log is missing an \"Unreleased\" section
+            exit 1
+          fi
+
+          version_dev=$(./scripts/eachdist.py version --package ${{ inputs.package }})
+
+          if [[ ! $version_dev =~ ^([0-9]+)\.([0-9]+)[\.|b]{1}([0-9]+).*.dev$ ]]; then
+            echo "unexpected version: $version"
+            exit 1
+          fi
+
+          version=${version_dev%.dev}
+
+          version_file=$(find $path -type f -name "version.py")
+          file_count=$(echo "$version_file" | wc -l
+
+          if [ "$file_count" -ne 1 ]; then
+            echo "Error: expected one version.py file, found $file_count"
+            echo "$version_file"
+            exit 1
+
+          echo "version=$version" >> $GITHUB_OUTPUT
+          echo "changelog=$changelog" >> $GITHUB_OUTPUT
+          echo "version_file=$version_file" >> $GITHUB_OUTPUT
+
+  create-pull-request-against-release-branch:
+    runs-on: ubuntu-latest
+    needs: prereqs
+    steps:
+      - uses: actions/checkout@v4
+
+      - name: Create package release branch
+        env:
+          PACKAGE_NAME: ${{ github.event.inputs.package }}
+          VERSION: ${{ needs.prereqs.outputs.version }}
+          CHANGELOG: ${{ needs.prereqs.outputs.changelog }}
+          VERSION_FILE: ${{ needs.prereqs.outputs.version_file }}
+        run: |
+          release_branch_name="package-release/$PACKAGE_NAME/v$VERSION"
+
+          git push origin HEAD:$release_branch_name
+
+          echo "RELEASE_BRANCH_NAME=$release_branch_name" >> $GITHUB_ENV
+
+      - name: Update package version
+        run: |
+          # replace the version in the version.py file (1.2.3dev -> 1.2.3)
+          sed -i -E "s/__version__\s*=\s*\"${VERSION}\.dev\"/__version__ = \"${VERSION}\"/g" $VERSION_FILE
+
+      - name: Set up Python 3.9
+        uses: actions/setup-python@v5
+        with:
+          python-version: 3.9
+      - name: Install tox
+        run: pip install tox
+      - name: run tox
+        run: tox -e generate
+
+      - name: Update the change log with the approximate release date
+        run: |
+          date=$(date "+%Y-%m-%d")
+          sed -Ei "s/^## Unreleased$/## Version ${VERSION} ($date)/" ${CHANGELOG}
+
+      - name: Use CLA approved github bot
+        run: .github/scripts/use-cla-approved-github-bot.sh
+
+      - name: Create pull request against the release branch
+        env:
+          # TODO not using secrets.GITHUB_TOKEN since pull requests from that token do not run workflows
+          GITHUB_TOKEN: ${{ secrets.GITHUB_TOKEN }}
+        run: |
+          message="Prepare release ${PACKAGE_NAME} ${VERSION}"
+          branch="opentelemetrybot/${RELEASE_BRANCH_NAME}"
+
+          git commit -a -m "$message"
+          git push origin HEAD:$branch
+          gh pr create --title "[$RELEASE_BRANCH_NAME] $message" \
+                       --body "$message." \
+                       --head $branch \
+                       --base $RELEASE_BRANCH_NAME
+
+  create-pull-request-against-main:
+    runs-on: ubuntu-latest
+    needs: prereqs
+    steps:
+      - uses: actions/checkout@v4
+
+      - name: Set environment variables
+        run: |
+          version=${{ needs.prereqs.outputs.version }}
+          if [[ version =~ ^([0-9]+)\.([0-9]+)\.([0-9]+) ]]; then
+            # 1.2.3 or 1.2.3rc1
+            major="${BASH_REMATCH[1]}"
+            minor="${BASH_REMATCH[2]}"
+            next_version="$major.$((minor + 1)).0"
+          elif [[ version =~ ^([0-9]+)\.([0-9]+)b([0-9]+)$ ]]; then
+            # 0.1b1
+            major="${BASH_REMATCH[1]}"
+            minor="${BASH_REMATCH[2]}"
+            next_version="$major.$((minor + 1))b0"
+          else
+            echo "unexpected version: $version"
+            exit 1
+          fi
+
+          echo "VERSION=$version" >> $GITHUB_ENV
+          echo "NEXT_VERSION=$next_version.dev" >> $GITHUB_ENV
+          echo "PACKAGE_NAME=${{ github.event.inputs.package }}" >> $GITHUB_ENV
+          echo "VERSION_FILE=${{ needs.prereqs.outputs.version_file }}" >> $GITHUB_ENV
+
+      - name: Update version
+        run: |
+          # replace the version in the version.py file (1.2.3dev -> 1.2.3)
+          sed -i -E "s/__version__\s*=\s*\"${VERSION}\.dev\"/__version__ = \"${VERSION}\"/g" $VERSION_FILE
+
+      - name: Set up Python 3.9
+        uses: actions/setup-python@v5
+        with:
+          python-version: 3.9
+      - name: Install tox
+        run: pip install tox
+      - name: run tox
+        run: tox -e generate
+
+      - name: Update the change log on main
+        run: |
+          # the actual release date on main will be updated at the end of the release workflow
+          date=$(date "+%Y-%m-%d")
+          sed -Ei "s/^## Unreleased$/## Unreleased\n\n## Version ${VERSION} ($date)/" ${CHANGELOG}
+
+      - name: Use CLA approved github bot
+        run: .github/scripts/use-cla-approved-github-bot.sh
+
+      - name: Create pull request against main
+        env:
+          # not using secrets.GITHUB_TOKEN since pull requests from that token do not run workflows TODO
+          GITHUB_TOKEN: ${{ secrets.GITHUB_TOKEN }}
+        run: |
+          message="Update ${PACKAGE_NAME} version to ${NEXT_VERSION}"
+          body="Update `${PACKAGE_NAME}`version to \`${NEXT_VERSION}\`."
+          branch="opentelemetrybot/update-version-to-${PACKAGE_NAME}-${NEXT_VERSION}"
+
+          git commit -a -m "$message"
+          git push origin HEAD:$branch
+          gh pr create --title "$message" \
+                       --body "$body" \
+                       --head $branch \
+                       --base main
diff --git a/.github/workflows/publish-a-package-from-tag.yml b/.github/workflows/publish-a-package-from-tag.yml
deleted file mode 100644
index a64f5fcf15..0000000000
--- a/.github/workflows/publish-a-package-from-tag.yml
+++ /dev/null
@@ -1,31 +0,0 @@
-name: Publish a Package from Tag
-
-on:
-  push:
-    tags:
-      - 'opentelemetry-*==[1-9]*.*'
-
-jobs:
-  publish-a-package:
-    name: Publish package from tag
-    runs-on: ubuntu-latest
-    steps:
-    - uses: actions/checkout@v4
-    - uses: actions/setup-python@v5
-      with:
-        python-version: '3.9'
-    - name: Log tag that triggered publish workflow
-      run:  echo "Attempting to publish package from tag $GITHUB_REF"
-    - name: Build wheel for tag
-      run: ./scripts/build_a_package.sh
-    - name: Install twine
-      run: |
-        pip install twine
-    # We don't need to publish to TestPyPI because we only publish 1 package.
-    # If it fails no other work needs to be reversed.
-    - name: Publish to PyPI
-      env:
-        TWINE_USERNAME: '__token__'
-        TWINE_PASSWORD: ${{ secrets.pypi_password }}
-      run: |
-        twine upload --skip-existing --verbose dist/*
diff --git a/instrumentation/opentelemetry-instrumentation-openai/CHANGELOG.md b/instrumentation/opentelemetry-instrumentation-openai/CHANGELOG.md
index d382395136..cfd07be623 100644
--- a/instrumentation/opentelemetry-instrumentation-openai/CHANGELOG.md
+++ b/instrumentation/opentelemetry-instrumentation-openai/CHANGELOG.md
@@ -5,6 +5,8 @@ All notable changes to this component will be documented in this file.
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
+## Unreleased
+
 ## Version 0.3b0 (2024-09-16)
 
 - Another release
diff --git a/instrumentation/opentelemetry-instrumentation-openai/src/opentelemetry/instrumentation/openai/version.py b/instrumentation/opentelemetry-instrumentation-openai/src/opentelemetry/instrumentation/openai/version.py
index eab5f8a649..ea90d66107 100644
--- a/instrumentation/opentelemetry-instrumentation-openai/src/opentelemetry/instrumentation/openai/version.py
+++ b/instrumentation/opentelemetry-instrumentation-openai/src/opentelemetry/instrumentation/openai/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "0.3b0"
+__version__ = "0.4b0.dev"
diff --git a/scripts/eachdist.py b/scripts/eachdist.py
index dbb44bbc9d..57d98206b7 100755
--- a/scripts/eachdist.py
+++ b/scripts/eachdist.py
@@ -266,6 +266,17 @@ def setup_instparser(instparser):
         required=False,
         help="Name of a specific package to get the version for",
     )
+
+    findparser = subparsers.add_parser(
+        "find-package", help="Find package path.",
+    )
+    findparser.set_defaults(func=find_package_args)
+    findparser.add_argument(
+        "--package",
+        "-p",
+        required=True,
+        help="Name of the package to find",
+    )
     return parser.parse_args(args)
 
 
@@ -749,6 +760,20 @@ def version_args(args):
                         print(line.split('"')[1])
                         return
 
+    print("package not found")
+    sys.exit(1)
+
+def find_package_args(args):
+    root = find_projectroot()
+    for package in find_targets_unordered(root):
+        if args.package == package.name:
+            relative_path = package.relative_to(root)
+            print(relative_path)
+            return
+
+    print("package not found")
+    sys.exit(1)
+
 def main():
     args = parse_args()
     args.func(args)
diff --git a/scripts/generate_release_notes.sh b/scripts/generate_release_notes.sh
new file mode 100644
index 0000000000..e5a02ff6f3
--- /dev/null
+++ b/scripts/generate_release_notes.sh
@@ -0,0 +1,26 @@
+#!/bin/sh
+
+# This script copies release notes for the current version from CHANGELOG.md file
+# and stores them in /tmp/release-notes.txt.
+# It also stores them in a /tmp/CHANGELOG_SECTION.md which is used later to copy them over to the
+# CHANGELOG in main branch which is done by merge_changelog_to_main script.
+
+set -ev
+
+# conditional block not indented because of the heredoc
+if [[ ! -z $PRIOR_VERSION_WHEN_PATCH ]]; then
+cat > /tmp/release-notes.txt << EOF
+This is a patch release on the previous $PRIOR_VERSION_WHEN_PATCH release, fixing the issue(s) below.
+
+EOF
+fi
+
+# CHANGELOG_SECTION.md is also used at the end of the release workflow
+# for copying the change log updates to main
+sed -n "0,/^## Version ${VERSION}/d;/^## Version /q;p" ${CHANGELOG} \
+> /tmp/CHANGELOG_SECTION.md
+
+# the complex perl regex is needed because markdown docs render newlines as soft wraps
+# while release notes render them as line breaks
+perl -0pe 's/(?<!\n)\n *(?!\n)(?![-*] )(?![1-9]+\. )/ /g' /tmp/CHANGELOG_SECTION.md \
+>> /tmp/release-notes.txt
\ No newline at end of file
diff --git a/scripts/merge_changelog_to_main.sh b/scripts/merge_changelog_to_main.sh
new file mode 100644
index 0000000000..efaba72904
--- /dev/null
+++ b/scripts/merge_changelog_to_main.sh
@@ -0,0 +1,48 @@
+#!/bin/sh
+
+# This script copies release notes for the current version from CHANGELOG.md file
+# and stores them in a temporary file for later use in the release workflow
+
+set -ev
+
+if [[ -z $PRIOR_VERSION_WHEN_PATCH ]]; then
+    # this was not a patch release, so the version exists already in the CHANGELOG.md
+
+    # update the release date
+    date=$(gh release view $RELEASE_TAG --json publishedAt --jq .publishedAt | sed 's/T.*//')
+    sed -Ei "s/## Version ${VERSION}.*/## Version ${VERSION} ($date)/" ${CHANGELOG}
+
+    # the entries are copied over from the release branch to support workflows
+    # where change log entries may be updated after preparing the release branch
+
+    # copy the portion above the release, up to and including the heading
+    sed -n "0,/^## Version ${VERSION} ($date)/p" ${CHANGELOG} > /tmp/CHANGELOG.md
+
+    # copy the release notes
+    cat /tmp/CHANGELOG_SECTION.md >> /tmp/CHANGELOG.md
+
+    # copy the portion below the release
+    sed -n "0,/^## Version ${VERSION} /d;0,/^## Version /{/^## Version/!d};p" ${CHANGELOG} \
+        >> /tmp/CHANGELOG.md
+
+    # update the real CHANGELOG.md
+    cp /tmp/CHANGELOG.md ${CHANGELOG}
+else
+    # this was a patch release, so the version does not exist already in the CHANGELOG.md
+
+    # copy the portion above the top-most release, not including the heading
+    sed -n "0,/^## Version /{ /^## Version /!p }" ${CHANGELOG} > /tmp/CHANGELOG.md
+
+    # add the heading
+    date=$(gh release view $RELEASE_TAG --json publishedAt --jq .publishedAt | sed 's/T.*//')
+    echo "## Version ${VERSION} ($date)" >> /tmp/CHANGELOG.md
+
+    # copy the release notes
+    cat /tmp/CHANGELOG_SECTION.md >> /tmp/CHANGELOG.md
+
+    # copy the portion starting from the top-most release
+    sed -n "/^## Version /,\$p" ${CHANGELOG} >> /tmp/CHANGELOG.md
+
+    # update the real CHANGELOG.md
+    cp /tmp/CHANGELOG.md ${CHANGELOG}
+fi
\ No newline at end of file