What is MRP and what are its uses?

Question

Accepted Answer

MRP stands for Material Requirements Planning. It is a system used for production planning and inventory control.

MRP helps in determining the quantity and timing of raw materials required for production.
It ensures that the right materials are available at the right time to avoid stockouts or excess inventory.
MRP is used in manufacturing industries such as automotive, electronics, and food processing.
It helps in optimizing production schedules and reducing lead times.
MRP software can also be integrated with other systems such as ERP for better planning and control.

Accepted Answer

market retail price.its halp for knowing saling prise

Accepted Answer

Material requirements, planing is standard supply planning system to help businesses, product based manufacturing, understand invertory requirements while balancing supply and demand

Asked in Sleek International

What is MRP and what are its uses?