Material Requirements Planning (MRP) is a computer-based inventory management system used to plan, schedule and control the procurement and production of materials, parts, and finished goods. It is used to optimize inventory levels, scheduling of production, and to reduce inventory costs. MRP systems are used in manufacturing, retail, and service industries to help manage production planning, inventory control, and forecasting. There are two main types of MRP systems: Discrete MRP and Process MRP. Discrete MRP is for manufacturing environments that involve parts, assemblies, and finished goods. Process MRP is for production environments that involve continuous or batch processes. Both types of MRP systems help ensure that the right amount of materials are available at the right time to support production and customer demand.
Material Requirements Planning
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