Material Requirements Planning
Material requirements planning (MRP) is a production planning and inventory control system used to manage manufacturing processes. Most MRP systems are software-based, while it is possible to conduct MRP by hand as well.
An MRP system is intended to simultaneously meet three objectives:
- Ensure materials are available for production and products are available for delivery to customers.
- Maintain the lowest possible material and product levels in store
- Plan manufacturing activities, delivery schedules and purchasing activities.
Read more about Material Requirements Planning: History, The Scope of MRP in Manufacturing, Problems With MRP Systems, Solutions To Data Integrity Issues
Famous quotes containing the words material and/or planning:
“I wish all men to be free. I wish the material prosperity of the already free which I feel sure the extinction of slavery would bring.”
—Abraham Lincoln (1809–1865)
“Sensuality takes planning and work.”
—Mason Cooley (b. 1927)