Your Customers are Happy with Optimized Inventory PlanningRead More
Inventory Planning Blog
- MRP for manufacturing
- DRP for Distribution
- Promotional Planning for Retail
- Parts planning for MRO and Aftermarket Service Parts
Individually, these solutions may do a good job of managing a specific inventory need but today businesses have morphed into multi-faceted, multi-customer facing companies. At the start or top is manufacturing, which feeds all other outlets like distribution and retail.Read More
The basic purpose of Material Requirements Planning (MRP) is determining how much of which products needs to be either manufactured or purchased based on it being a component or ingredient of another item. MRP also determines when the product is required. Every item can have either Independent Demand or Dependent Demand.