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Material Requirement Planning

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Material Requirement Planning or MRP is inventory control and computer-based system of production planning. Material requirement planning is concerned with the control of inventory as well as scheduling of production (Fleischmann et al., 2015). – PowerPoint PPT presentation

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Title: Material Requirement Planning


1
Material Requirement Planning
  • AllAssignmentHelp

2
Introduction
  • Material Requirement Planning or MRP is
    inventory control and computer-based system of
    production planning. Material requirement
    planning is concerned with the control of
    inventory as well as scheduling of production
    (Fleischmann et al., 2015). MRP controls the
    level of inventory and ensures that there is
    enough level of required materials is available
    when needed. MRP is a very important system which
    is applicable in conditions of numerous items
    with complex bills of materials (Fleischmann et
    al., 2015).

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Objectives
  • To ensure the availability of products,
    materials, and components for the purpose of
    planned production as well as for client delivery
  • To attempt to keep the lowest possible inventory
    level
  • To plan purchasing activities, schedule the
    delivery, and activities related to manufacturing
  • Material requirement planning is
    particularly suitable to manufacturing settings
    where the demand of many of the subassemblies as
    well as components depends on the demand of
    objects which face demand from outside. The
    demand is independent of the ends items or
    finished products. On the other hand, the demand
    of the components which are used in the
    production of end items or final product is
    dependent on the demand of the final products
    (Fleischmann et al., 2015). .

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Types of MRP system
  • There are three types of MRP systems
  • Inventory Control System
  • Inventory Control and Production System
  • Enterprise Resource Planning System

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Key Points
  • Material Requirement Planning is especially
    used to manage the level of inventory for the
    demand of the dependent items or components
    (Guillaume et al., 2017). The following are the
    key points
  • A Material Requirement Planning is an
    information system which helps in managing the
    inventory level of dependent items or components
    (Guillaume et al., 2017). The MRP system helps in
    keeping enough level of required materials to
    support the manufacturing of the products. It is
    used to control and plan to manufacture of
    inventory items of dependent

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References
  • Fleischmann, B., Meyr, H., Wagner, M.
    (2015). Advanced planning. In Supply chain
    management and advanced planning (pp. 71-95).
    Springer Berlin Heidelberg.
  • Guillaume, R., Thierry, C., Zielinski, P.
    (2017). The robust material requirement is
    planning with a cumulative demand for
    uncertainty. International Journal of Production
    Research, 55(22), 6824-6845.
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