Material Requirements Planning

What is MRP?

Material Requirements Planning (MRP) is a software designed to keep track of scheduling, production planning, and inventory. It is commonly used in the manufacturing industry to help manufacturers have an up-to-date inventory of available and used materials. It’s main purpose is to increase profitability while eliminating wastes.

The Three Main Objectives of MRP:

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Keep inventory at a minimum

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Plan delivery schedules, manufacturing and purchasing activities

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To ensure the availability of materials and products for production and delivery