Business Studies, asked by Swamnathan3601, 1 year ago

Q-3. What is a materials requirements planning system? How can an mrp system help an organization?

Answers

Answered by Gunjalraj
3

hey mate...

Materials requirements planning (MRP) system is a software-based solution that works backwards from customer orders to determine when materials will be needed for production and then initiates their purchase to have delivery coincide with upcoming manufacturing runs and scheduled product delivery dates.

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.

hope it helpz uhhh

Answered by riya6087
0

Answer:

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.

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