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Material requirements planning
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{{Short description|Production planning, scheduling, and inventory control system}} {{prose|date=April 2017}} '''Material requirements planning''' ('''MRP''') is a [[production planning]], [[scheduling]], and [[inventory]] control system used to [[management|manage]] [[manufacturing]] processes. Most MRP systems are [[computer software|software]]-based, but it is possible to conduct MRP by hand as well. An MRP system is intended to simultaneously meet three objectives: * Ensure raw materials are available for [[manufacturing|production]] and [[product (business)|products]] are available for [[delivery (commerce)|delivery]] to customers. * Maintain the lowest possible material and product levels in store * Plan manufacturing activities, delivery schedules and [[purchasing]] activities.
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