Inventory Planning Blog

Enhancing the MRP Process and Inventory Planning

Posted on Tue, Sep 10,2013@11:00 AM

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.

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Tags: Inventory Planning, inventory optimization, Demand Planning, MRP