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In manufacturing company what is MRP? What is the important of MRP?

In manufacturing company what is MRP and it's purpose?

Manufacturing Companies Planning Supply Inventory Control
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Question added by Jocelyn Perena , Procurment Lead And Governance , CPP, CPPM Certified , Agthia Group
Date Posted: 2018/04/22
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Muhammad Zain
by Muhammad Zain , Accounts Officer , 3S Systems - C.GROUP

May be its a abbreviation of " Material Requirement Planning".

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