Material Requirement
MRP is a production planning, scheduling, and inventory control system used to manage manufacturing processes. Most MRP systems are software-based, but it is possible to conduct MRP by hand as well
Objective is to ensure the availability of materials, components, and products for planned production and for customer delivery, maintain the lowest possible level of inventory
Term
Priorities
Capacity
Inventory
the right quantity
at the right time
Order the right part
Keep the date valid
Order with the right due date
an adequate tie to view future load
an accurate load
Plan for a complete load
Types of MRP
Master production schedule
Bill of material (BOM)
Inventory status records
Challenge in MRP
MRP applied in a rolling horizon basis
Timing of supply
timing of demand
quantity supply
quantity demanded