MATERIAL REQUIREMENT PLANNING

Material Requirement Planning

Material Requirement Planning

Introduction

During the last two decades, many industrial companies have changed their inventory systems. Instead they manage their inventory as reorder point systems (independent demand approach), they now manage as MRP systems (dependent demand approach). The computer technology has made ??this possible. This approach is now widely implemented all over the world.

Discussion

In the early 60's, due to the increasing popularity of computer systems, some innovative minds had the idea to use this technological advancement for business planning, including the production processes.

Material Requirements Planning

 An MRP system is an appropriate way to consider complex products. Usually we consider it ...