Question

You were recently hired by a company that is interested in your knowledge of management. Your supervisor, like you, is new to the job and needs your help understanding the differences and similarities among material requirements planning, manufacturing resource planning, and enterprise resource planning systems. In your own words, explain the answer to your supervisor

Answer 1

Material requirement planning (MRP) is the planning of all the material required for production which is generally done by software system which maintains all the data regarding material required and the status of the inventory. Management resource planning (MRPII) is the planning of all the resources such as staff and financial requirements which are required for the process of manufacturing. Both MRP and MRPII together form the enterprise resource planning which is the most crucial system for any organisation which manages all the information right from from cash flow to profits with the help of database. It provides integrated information of the organisation with the help of softare and technology.