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MRP is Materials Resource Planning - takes your sales orders, inventory levels, purchase orders, planned forecast orders, vendor delivery history, manufacturing time (if you manufacture) and calculates when you'd need to issue a PO for raw materials or work orders for finished goods to have the finished goods on hand in time to fill your customer orders or what you've forecasted you'd like to have in inventory at any time
ERP is accounting, finance, sometimes treasury, GL, AP, AR, Purchasing, Manufacturing, job costing, supply chain, demand planning, forecasting, planning and scheduling - and usually contains an MRP module. ERP is order to cash, purchase to pay, reporting and controls - so it's more all encompassing than just MRP - but evolved out of early MRP systems.
ERP covers all area of services in an organization where as MRP covers only Manufacturing or production area of service and ERP includes MRP.
Material requirements planning (MRP), enterprise resource planning (ERP)—in a given day there are so many acronyms and types of software thrown at you that it’s hard to know which system is right for the organization. What’s the difference between MRP and ERP? On the surface, that seems like a question with a simple answer, but in execution the difference might be a little more complex.
Let’s start with some basic definitions. ERP is software that’s used to plan the resources of an organization. Those resources include everything from finances to workforce and materials to processes and information.
MRP is a more specialized type of software. It’s used specifically to plan the resources that are used during the manufacturing process and can include quoting, work orders, bills of materials, and purchasing or shop floor management.
ERP - (Enterprise Resource Planning) is a sytem or method that is used to plan the resources of an entire organization which include everything from finances to workforce and materials to processes.
MRP (Material requirements planning) (Manufacturing requirements planning)is a much more specialized type of system in which the management can plan the resources that are used during the manufacturing process and can include quoting, work orders, bills of materials, and purchasing or shop floor management. It is much more related to manufacturing portion only.
AN Enterprise Resource Planning (ERP) management information system integrates areas such as planning, purchasing, inventory, sales, marketing, finance and human resources. In contrast, a Manufacturing Resource Planning (MRP) is a system designed to centralize, integrate and process information for effective decision making in scheduling, design engineering, inventory management and cost control in manufacturing
MRP is Materials Resource Planning,
ERP software to use multiple functions.
MRP systems are often standalone applications, where ERP is a backbone that supports multiple modules.
Agree with Hamza's answer on the definition of each.
ERP software is used to plan the resources of an organization which includes everything from finances to workforce and materials to processes and information.
MRP is used specifically to plan the resources that are used during the manufacturing process and can include quoting, work orders, bills of materials, and purchasing.
I apologize for the answer, I leave the answer to experts specialists in this field that's not my specialty field
ERP is stands for Enterprise Resource Planning this term is use for software.
MRP have different terms as in sales MRP - it is Maximum Retail Price.
MRP In terms of Inventory its Material Requirement Planning
