MRP is an integrated decision support system for planning, executing, and controlling manufacturing operations

Question

Quizplus · Accepted Answer

MRP stands for Material Requirements Planning, and it is a software-based tool that helps manufacturers to plan production, manage inventory levels, and schedule deliveries. It is an integrated decision support system that uses data from various sources, including sales forecasts, customer orders, bills of materials, inventory records, and capacity constraints, to generate production schedules and material plans. MRP helps manufacturers to optimize their production processes, reduce costs, and improve customer service levels.

MRP Is an Integrated Decision Support System for Planning, Executing