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What is Material Requirements Planning

Chapter 40
Advanced Methodologies and Technologies in Business Operations and Management
Also known as MRP. MRP was developed in the 1960’s and 1970’s as a production planning system to support manufacturing operations calculating the amount of raw materials needed by the production department and the specific timing of different individual parts that are needed (Jodlbauer, 2012 AU28: The in-text citation "Jodlbauer, 2012" is not in the reference list. Please correct the citation, add the reference to the list, or delete the citation. ). MRP also helps managers decide when to buy.
Published in Chapter:
Sustainable Advantages of Business Value of Information Technology
Jorge A. Romero (Towson University, USA)
Copyright: © 2019 |Pages: 8
DOI: 10.4018/978-1-5225-7362-3.ch040
Abstract
The business value of information technology (IT) and the way to sustain advantages obtained through investment in IT has been a topic of interest in the last few years. It is important to understand the relationship of IT and its effects on business value, particularly the sustainable advantages that companies can obtain if they use IT to obtain a strategic differentiation and operating efficiency in relation to competitors. This chapter explores these sustainable advantages and their links to performance measures and firm strategies. This chapter will also help us understand the incremental contribution that companies can enjoy after the adoption of a new IT.
Full Text Chapter Download: US $37.50 Add to Cart
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Chapter 79
Sustainable Advantages of Business Value of Information Technology
Also known as MRP. MRP was developed in the 1960’s and 1970’s as a production planning system to support manufacturing operations calculating the amount of raw materials needed by the production department and the specific timing of different individual parts that are needed (Jodlbauer, 2012 AU28: The in-text citation "Jodlbauer, 2012" is not in the reference list. Please correct the citation, add the reference to the list, or delete the citation. ). MRP also helps managers decide when to buy.
Published in Chapter: Sustainable Advantages of Business Value of Information Technology; From: Encyclopedia of Information Science and Technology, Fourth Edition
Full Text Chapter Download: US $37.50 Add to Cart
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