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Materials requirements planning (MRP) is the logic for determining the number of parts, components, and materials needed to produce a product. MRP provides time scheduling information specifying when each of the materials, parts, and components should be ordered or produced.MRP is both an inventory control and a scheduling technique. It consists of a series of steps which start by determining what finished products are needed to meet the demand by time periods and are completed with a schedule of the finished product components needed at each assembly level for each time period.
Materials requirements planning (MRP) is the logic for determining the number of parts, components, and materials needed to produce a product. MRP provides time scheduling information specif…