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What is an MRP and why is it so important? Describe a specific MRP example you've...

What is an MRP and why is it so important? Describe a specific MRP example you've used, or read about.

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Answer #1

Material requirements Planning (MRP) is a inventory management and production planning system, it is a computer software used to control the inventory and to manage the manufacturing process, we can perform MRP manually also without using computers MRP help the production managers in  placing orders & scheduling orders for the items of dependent demand.

importance of MRP

The MRP reduces the inventory level by managing the inventory.

It reduces lead time to place an order

It reduces the cost manufacturing.

improves the efficiency and productivity

less wastage

reduces the cost of purchasing raw materials.

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