Materials Requiement Planning (MRP)

Definition: MRP is a production planning, scheduling, and inventory control system used to manage manufacturing processes. It ensures that materials are available for production and products are available for delivery to customers.

Cash to cash cycle increase and you do more with less money.

Plan for Key Components

Plan for components that have huge impact on your production needs.

▪ Adjust for Long Lead times.

▪ Account for components that go into lots of Items.

▪ Alert system helps planners know what is needed immediately.

Less Inventory - Same Service

Production automatically calls for procurement of specific components calculate total requirements for components that span multiple supply plan inventories.

Master Production Schedule (MPS): A plan that outlines what needs to be produced, in what quantities, and when.