MRP stands for Material Requirements Planning. According to available information, it is a software solution utilized by manufacturers to more accurately determine the materials needed, the timing of those needs, and the quantities required.
In more detail:
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Material Requirements Planning (MRP) is a system for planning and managing inventory.
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It focuses on ensuring materials are available when needed for production and that inventory levels are kept optimal.
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MRP software helps businesses determine:
- What materials to purchase
- When to purchase them
- How much material is needed
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By using MRP, manufacturers can improve efficiency, reduce costs, and ensure customer demand is met effectively.
