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Material requirements planning (MRP) is a production planning, scheduling, and inventory control system used to manage manufacturing processes. Most MRP systems are software-based, but it is possible to conduct MRP by hand as well. An MRP system is intended to simultaneously meet three objectives:
Media Redundancy Protocol (MRP) is a data network protocol standardized by the International Electrotechnical Commission as IEC 62439-2. It allows rings of Ethernet switches to overcome any single failure with recovery time much faster than achievable with Spanning Tree Protocol . [ 1 ]
It is almost impossible to visualize an MRP II system that does not use a computer. An MRP II system can be based on either purchased–licensed or in-house software. Almost every MRP II system is modular in construction. [2] Characteristic basic modules in an MRP II system are: Master production schedule (MPS) Item master data (technical data)
Maximum retail price (MRP) is a manufacturer-calculated price that is the highest price that can be charged for a product sold in India, Indonesia, where it is known as Harga Eceran Tertinggi (HET), and Bangladesh. [1]
A master production schedule (MPS) is a plan for individual commodities to be produced in each time period such as production, staffing, inventory, etc. [1] It is usually linked to manufacturing where the plan indicates when and how much of each product will be demanded. [2]
BPCS includes MRP logic to manufacturing operations, provided there are high standards of data validity such as engineering specifications and inventory accuracy. It runs on several systems, with IBM I, being the most popular. It is written in AS/SET CASE tool, RPG, SQL and other languages supported on IBM I. [3]
Manufacturing resource planning, (MRP II), derived from/a followup to MRP/Material requirements planning; Material requirements planning; Maximum retail price, ...
The reorder point (ROP), also reorder level (ROL) or "optimal re-order level", [1] is the level of inventory which triggers an action to replenish that particular inventory. It is a minimum amount of an item which a firm holds in stock, such that, when stock falls to this amount, the item must be reordered.