Material requirements planning (MRP) is a computer-based inventory management system designed to assist production managers in scheduling and placing orders for items of dependent demand ...

Around for decades, the trusty material requirements planning (MRP) system continues to be used in one form or another by many manufacturers. Sure, at most medium-size and larger companies, MRP has ...

Both enterprise resource planning (ERP) and material requirements planning (MRP) are commonly-used tools by manufacturers. The question of which is right for your particular needs will depend on ...

Most companies use an analytical tool, such as material requirement planning software, to help predict supply and to determine the required raw materials.