Material requirements planning (MRP) is a software-based production and inventory control system that determines what items are needed, how many, and when to ensure materials are available for production and products are delivered to customers while maintaining low inventory levels. MRP helps managers keep inventory costs low, track used and required inventory and materials, and set safety stock levels.
Material requirements planning (MRP) is a software-based production and inventory control system that determines what items are needed, how many, and when to ensure materials are available for production and products are delivered to customers while maintaining low inventory levels. MRP helps managers keep inventory costs low, track used and required inventory and materials, and set safety stock levels.
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Material requirements planning (MRP) is a software-based production and inventory control system that determines what items are needed, how many, and when to ensure materials are available for production and products are delivered to customers while maintaining low inventory levels. MRP helps managers keep inventory costs low, track used and required inventory and materials, and set safety stock levels.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPTX, PDF, TXT or read online from Scribd
MRP ABHIJIT MULYE ROLL NO.33 Material requirements planning (MRP) is a production planning and inventory control system used to manage manufacturing processes.
Most MRP systems are software-based, while it is
possible to conduct MRP by hand as well. MRP is a tool to deal with problems. It provides answers for several questions:
What items are required?
How many are required?
When are they required?
objectives: * Ensure materials are available for production and products are available for delivery to customers.
* Maintain the lowest possible level of
inventory.
* Plan manufacturing activities, delivery
schedules and purchasing activities. Advantages of MRP
MRP helps managers with the following:
Keep inventory levels to a cost-effective minimum
Keeps track of inventory that is used
Tracks the amount of material that is required
Set safety stock levels for emergencies
Benefits..
The ability to keep track of material requirement.
Production Planning Determine the best lot sizes to fulfil orders Set up production times among the separate manufacturing stages Plan for future needs of raw materials THANK YOU