What is Material Requirements Planning (MRP) Systems

1.
Processes that use bills of materials, inventory data, and a master productions schedule to time phase material requirement, releasing inventory purchases in a manner that reduces inventory investment yet meets customer requirements. Learn more in: Assessing ERP Risks and Rewards
2.
They are processes that use bills of materials, inventory data, and a master productions schedule to time-phase material requirements, releasing inventory purchases in a manner that reduces inventory investment yet meets customer requirements. Learn more in: ERP and the Best-of-Breed Alternative
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