Manufacturing Resources Planning - Research Article from Encyclopedia of Management

This encyclopedia article consists of approximately 8 pages of information about Manufacturing Resources Planning.

Manufacturing Resources Planning - Research Article from Encyclopedia of Management

This encyclopedia article consists of approximately 8 pages of information about Manufacturing Resources Planning.
This section contains 2,136 words
(approx. 8 pages at 300 words per page)
Buy the Manufacturing Resources Planning Encyclopedia Article

Manufacturing resource planning, also known as MRP II, is a method for the effective planning of a manufacturer's resources. MRP II is composed of several linked functions, such as business planning, sales and operations planning, capacity requirements planning, and all related support systems. The output from these MRP II functions can be integrated into financial reports, such as the business plan, purchase commitment report, shipping budget, and inventory projections. It has the capability of specifically addressing operational planning and financial planning, and has simulation capability that allows its users to conduct sensitivity analyses (answering "what if" questions).

The earliest form of manufacturing resource planning was known as material requirements planning (MRP). This system was vastly improved upon until it no longer resembled the original version. The newer version was so fundamentally different from MRP, that a new term seemed appropriate. Oliver Wight coined the...

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This section contains 2,136 words
(approx. 8 pages at 300 words per page)
Buy the Manufacturing Resources Planning Encyclopedia Article
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Manufacturing Resources Planning from Gale. ©2005-2006 Thomson Gale, a part of the Thomson Corporation. All rights reserved.