A primary function of materials requirements planning (MRP) is to match supply with demand. Identify and describe an overview of the Materials Requirements Planning process.
Expert Answer
Material requirement planning refers to the technique to calculate the requirements for materials and is used for multilevel planning. It has fixed lead times and the work is loaded into buckets of infinite size. These buckets are nothing but the time units and works are being loaded into these buckets without taking into consideration the capacity.
The three main sources from where the information input comes into MRP system are: –
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