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What is MRP: Understanding Material Requirements about?

Material Requirements Planning (MRP) is a computer-based system that uses a master production schedule, bill of materials, and lead times to determine requirements for dependent demand items. MRP answers what is needed, how much, and when. It takes the end item needs from the master schedule and explodes them into time-phased requirements for components using the bill of materials and lead times. The time-phased plan shows quantities like gross requirements, scheduled receipts, projected inventory, net requ

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eia

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EN