What is MRP (Material Requirements Planning)? Why is it Important?
Published November 25, 2020
Views 75.3K | Likes 673 | Comments 20
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MRP, or material requirements planning, is an integral part of production. It’s a system that calculates materials and components of a product, determines when they’re needed, and schedules purchase and production. Relying heavily on the bill of materials, MRP helps companies better match supply to demand -- ultimately…
- Published
- November 25, 2020
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