Material Requirements Planning
Material requirements planning (MRP) is a production planning, scheduling, and inventory control system used to manage manufacturing processes. An MRP system is intended to simultaneously meet three objectives: Ensure raw materials are available for production and products are available for delivery to customers. Maintain the lowest possible material and product levels in store. Plan manufacturing activities, delivery schedules and purchasing activities.
- Abbreviation:
- MRP
- Acronym:
- MRP
- Initialism:
- MRP
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glssry-guy