In 100 words or more reply to statement below about MRP
Material Requirements Planning (MRP) is a system that will assist with controlling an organization’s inventory and the planning of its production. The computerized system keeps track of data of a company’s raw material to their finished goods. It will also help with the delivery schedule. MRP increases profitability, while reducing some lead time. It will provide productivity because it assist with balancing the inventory with the product demand. When a company utilizes a MRP system, it can transform their operational procedures because it used to be done by hand.
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