What is Manufacturing Resource Planning (MRP)?
Developed in the early 1980s, manufacturing resource planning, also known as MRP II, is a software system that expands the scope of material resource planning to involve other functions, such as finance and marketing, in a manufacturer’s production operations.
MRP allows managers to accurately visualize scheduling and inventory and effectively monitor costs by leveraging real-time data to create a production schedule that optimally uses raw materials, machines and human resources.
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