Hi friends,
material requirement planning is a computer based management information system designed to manage dependent demand inventory items in the transformation process of operations management.In other words MRP is defined as a planning technique, usually implemented by computer that translates the MPS of end products into a detailed schedule for the raw materials and parts used in those end products. The concept of MRP is relatively straightforward. Its implementation is complicated by the sheer magnitude of the data to be processed. The master schedule provides the overall production plan for the final products in terms of month – by – month deliveries. Each product may contain hundreds of individual components. Thank you.
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