What is Material Requirements Planning?

Brought to you by NewGen, a customer-centric ERP consulting group with over 25-years of experience

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Material requirements planning (MRP) is a standard supply planning system to help businesses understand inventory requirements while balancing supply and demand. Businesses use an MRP system to more efficiently track inventory, schedule production and ultimately deliver the right product, on time and at optimal cost.

What is Material Requirements Planning? – YouTube

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