Question

what is mrp and msp​

Answer 1

Answer:

In short, an MRP, or Materials Requirements Planning, is used to determine how many materials to order for a particular item, while an MPS, or Master Production Schedule, is used to determine when the materials will be used to produce an item.

Answer 2

Explanation:

The MPS calculation is used for end items that have a forecast or a sales order line. These items are called MPS items and are identified dynamically when the calculation starts. MRP is the calculation of material requirements based on actual demand for components and the demand forecast on the component level.