What is material requirements planning (MRP)?
Material requirements planning, or MRP, is a software-based decision-making tool used in production. The tool compares current inventory levels with production capacity and analyzes what products to manufacture, what quantities are needed, and when they are needed — all based on the forecast generated by the software.
The material requirements planning system helps manufacturers figure out inventory requirements and balance supply and demand. Learn more about the supply chain software and supply chain management services offered by GEP.
World's Leading, Unified Source-to-Pay Platform for Direct and Indirect Spend Management
GEP SMART is an AI-powered, cloud-native source-to-pay platform for direct and indirect procurement. GEP SMART offers comprehensive source-to-pay functionality in one user-friendly platform, inclusive of spend analysis, sourcing, contract management, supplier management, procure-to-pay, savings project management and savings tracking, invoicing and other related functionalities.
Next-Gen, End-to-End Supply Chain Management Platform for the Connected Enterprise
GEP NEXXE is a unified and comprehensive supply chain platform that provides end-to-end planning, visibility, execution and collaboration capabilities for today’s complex, global supply chains. Built on a foundation of data, artificial intelligence and cognitive technologies, GEP NEXXE helps enterprises digitally transform their supply chains and turn them into a competitive advantage.
