Transcription of 1 Material Requirements Planning (MRP)
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1 Material Requirements Planning (MRP)
IEOR 4000: Production Management page 1 Professor Guillermo Gallego 1 Material Requirements Planning (MRP). Material Requirements Planning (MRP) is a computer-based production Planning and inventory control system. MRP is concerned with both production scheduling and inventory control. It is a Material control system that attempts to keep adequate inventory levels to assure that required materials are available when needed. MRP is applicable in situations of multiple items with complex bills of materials. MRP is not useful for job shops or for continuous processes that are tightly linked. The major objectives of an MRP system are to simultaneously: 1.
IEOR 4000: Production Management page 2 Professor Guillermo Gallego A material requirements plan has been developed for product A based on the product structure
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