Material Requirement Planning (MRP)
Material Requirement Planning (MRP) is a vital component of manufacturing and inventory management systems. Our MRP module helps you efficiently plan material requirements based on demand forecasts, inventory levels, and production schedules. By optimizing your inventory, MRP reduces waste, cuts costs, and ensures that you have the right materials at the right time.
Key Features of MRP
- Demand Forecasting
- Production Planning and Scheduling
- Inventory Control
- Bill of Materials (BOM) Management
- Material Availability Check
- Automated Purchase Requisitions
Benefits of Implementing MRP
- Improved Inventory Management
- Enhanced Production Efficiency
- Reduced Lead Times
- Minimized Stockouts and Overstocks
- Better Resource Utilization
- Cost Reduction in Procurement and Production