My Report In Mrp
Essay specific features
February 28, 2015
No of pages / words:
5 / 1228
Rating of current essay:
Although it is not common nowadays, it is possible to conduct MRP by hand as well.
An MRP system is intended to simultaneously meet three objectives:
• Ensure materials and products are available for production and delivery to customers.
• Maintain the lowest possible level of inventory.
• Plan manufacturing activities, delivery schedules and purchasing activities...
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This means that some level of planning is required.
Companies need to control the types and quantities of materials they purchase, plan which products are to be produced and in what quantities and ensure that they are able to meet current and future customer demand, all at the lowest possible cost. Making a bad decision in any of these areas will make the company lose money...
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