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Materials Requirements Planning

Materials Requirements Planning Module 11 July 23, 2014 Outline Material Requirements Planning (MRP) What is it? When do we use it? Bill of Materials Lot sizing rules MRP Reports MRP Benefits MRP in Services What is MRP? Computerized inventory control and production Planning system Helps us determine how much and when to produce component items Material Requirements Planning (MRP) 1. MRP A. Computer-based system that develops plans for ordering and producing dependent demand items 2. Main MRP Principles A. Requirements derived from production schedule of parent items and Production order offset to account for lead time B.

Sales and Operations Plan (S&OP) Relationship to the MPS and MRP SALES AND OPERATIONS PLAN Month Jan Feb Mar Apr Days 20 19 …

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FORECASTING - University of North Carolina Wilmington

csbapp.uncw.edu

Forecasting •What is Forecasting? • Determining Future Events Based on Historical Facts and Data •Some Thoughts on Forecasts • Forecasts Tend to Be Wrong! • Forecasts Can Be Biased! (Marketing, Sales, etc.) • Forecasts Tend to Be Better for Near Future •So, Why Forecast? • Better to Have “Educated Guess” About Future Than to Not Forecast At All!

  Wilmington

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