Material requirements planning (MRP) is a computer-based inventory management system designed to assist production managers in scheduling and placing orders for items of dependent demand.

Investopedia / Ellen Lindner Material requirements planning (MRP) is a software-based integrated inventory and supply management system designed for businesses. Companies use MRP to estimate ...

Around for decades, the trusty material requirements planning (MRP) system continues to be used in one form or another by many manufacturers. Sure, at most medium-size and larger companies, MRP has ...