Definition of MRP Systems

Written by jacob queen
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In the world of manufacturing, it can be difficult for companies to keep track of their resources. Some products require components from many different sources, and MRP systems help keep things organised.

MRP Basics

MRP stands for material requirement planning, and MRP software is designed to help manufacturers manage their inventories. Inventory-management techniques help them plan and operate more efficiently.

Different From Regular Accounting Software

MRP software is designed to operate in real time on the floor of a factory. As components are made, information such as parts used and available can be updated immediately. This is different than most accounting and inventory software, which is designed for looking back at previous performance.

Planning and Other Uses

One of the main uses of MRP software is to aid planning. It helps business and factory owners decide what to order and when, and it allows them to keep better track of the assembly performance. They can also use the data to allocate manpower more effectively and invoice customers for products.

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