Explain the role of MRP-I in organisation with relevant examples.
Answers
Hey mate!
I am here with your answer!
MRP takes as input the information contained in the BOM. The basic functions of an MRP system include: inventory control, bill of material processing, and elementary scheduling. MRP helps organizations to maintain low inventory levels. It is used to plan manufacturing, purchasing and delivering activities.
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. MRP works backward from a production plan for finished goods to develop requirements for components and raw materials.
Hope this will help you!
Hey mate...
HERE IS YOUR ANSWER....
MRP stands for marked retail price.
it plays vital role in the functioning and on the maintenance of involuntary participation and the management and scheduling of the products.
I HOPE IT IS HELPFUL TO YOU.....
Plzzz mark brainliest.... ✌️