Materials requirement planning

Materials Requirements Planning (MRP) is a systematic approach used in production planning to determine what materials and components are needed to produce a product, when they are needed, and in what quantities. It helps manufacturers efficiently manage inventory levels, reduce waste, and ensure that production runs smoothly by scheduling material deliveries to coincide with production timelines. Essentially, MRP connects customer demand with inventory and procurement processes, ensuring that the right materials are available at the right time to meet production needs without overstocking or delays.