There is not a huge difference between Manufacturing Resource Planning (MRP) and its second iteration known as MRP II. Each system was designed to help ensure businesses have the right balance of ...

Material requirements planning (MRP) is a computer-based inventory management system designed to assist production managers in scheduling and placing orders for items of dependent demand. Dependent ...

Material requirements planning systems add a level of automation to inventory control. When you set minimum and maximum stock levels on a simple inventory, you are beginning to use MRP principles. MRP ...

I’ve been working with several of my New York Institute of Technology MBA students in various practicums I’ve setup. I’m finding a lot of them have extensive backgrounds and studies in supply chain ...