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:
“Desperation is the raw material of drastic change. Only those who can leave behind everything they have ever believed in can hope to escape.”
—William Burroughs (b. 1914)
“Sensuality takes planning and work.”
—Mason Cooley (b. 1927)