materialsrequirementsplanning.pptVIP

* What you will learn in this unit: Material Resource Planning MRP Objectives and Demand Enterprise Resource Planning Advantages and Disadvantages of ERP systems * What is MRP? Material Requirements Planning, is an effective inventory planning tool. Computerized MRP dates to the early 1960’s.Joseph Orlicky wrote the classic work on MRP in 1975. MRP is a straightforward computer programme that makes mathematical calculations. The programme uses existing inventory data, determines total requirements for each item, compares it to what is already on hand and calculates what needs to be ordered