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Material Requirements Planning (MRP)

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Material Requirements Planning (MRP) - definition(s)

MRP - Stands for Material Requirements Planning. MRP aims to increase manufacturing efficiency by managing the production schedule, reducing inventory, increasing cash flow, and delivering products in a timely manner. ERP is a technical subset of MRP.

[Category=Data Quality ]

Source: iSixSigma, 04 February 2011 08:30:03, External 

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