In the previous blog, we discussed the significance & key objectives of Material Requirement Planning (MRP). In this blog, we’ll take a look at some of the key determinants and value drivers for MRP. The Key Determinants of Material Requirement Planning 1. Demand Plan: While Material Requirements Plan kicks off with Master Production Schedule (MPS), the […]
Material Requirement Planning (MRP) remains at the heart of any enterprise planning process, for it calculates the amount of input materials and components needed to manufacture a product. However, it is definitely not as simple as it means. The reason is that MRP is not a standalone process – and has dependencies on Demand Forecast, […]
