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Material Requirements Planning MRP

Title:
Material Requirements Planning (MRP)
Word Count:
237
Summary:
Material requirements planning (MRP) is a computer-based inventory management system designed

Keywords:
mrp, production control, control software, production software, production control software, I

Article Body:
The first MRP systems of inventory management evolved in the 1940s and 1950s. They used mainfr

MRP works backward from a production plan for finished goods to develop requirements for compo

MRP breaks down inventory requirements into planning periods so that production can be complet

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