Published by:
Harvard Business Publishing
Length: 7 pages
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Abstract
Materials requirements planning (MRP) is a computer-based system of coordinating materials supply, demand, inventory, and production scheduling for manufacturing operations. In addition to the master production schedule ''drive file,'' files are created for bill of materials, inventory status and the materials requirements planning package. The value of MRP depends on an operation''s size and the efficiency of its current materials system. Its adaptability, however, promises new applications in other areas.
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Abstract
Materials requirements planning (MRP) is a computer-based system of coordinating materials supply, demand, inventory, and production scheduling for manufacturing operations. In addition to the master production schedule ''drive file,'' files are created for bill of materials, inventory status and the materials requirements planning package. The value of MRP depends on an operation''s size and the efficiency of its current materials system. Its adaptability, however, promises new applications in other areas.