MRP stands for _

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answer A ____________________

A. b/c in supply chain, the quantities made available by production or by external procurement are placed in stock and are managed by Inventory Management.

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Material Requirement Planning

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.A. Material requirements Planning.....

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>>>>>>>>>>>>> B. Manufacturer requirements Planning >>>>>>>>>>>>

A. Material requirements Planning^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

MRP

A. Material requirements Planning

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Option A - Materials requirement planning.

Material requirements planning (MRP) is a production planning, scheduling, and inventory control system used to manage manufacturing processes. Most MRP systems are software-based, while it is possible to conduct MRP by hand as well.

An MRP system is intended to simultaneously meet three objectives:

• Ensure materials are available for production and products are available for delivery to customers.
• Maintain the lowest possible material and product levels in store
• Plan manufacturing activities, delivery schedules and purchasing activities.

A. Material requirements Planning