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What is MRP and ERP: Key Concepts Explained about?

Material Requirements Planning (MRP) is a computer-based system for managing inventory and scheduling production based on dependent demand for components. Key inputs include the master schedule, bill of materials, and inventory records, while outputs consist of planned orders and order releases. MRP II and ERP expand on MRP by integrating various organizational functions for improved information sharing and planning.

Author

hemant.trivedi

Language

EN