Material Requirements Planning

Optimized inventory levels help ensure that materials are available to be allocated whenever demand requires it, without excessive stockpiling. Improved inventory management reduces carrying costs while preventing stockouts that can delay production. 

Using the master production schedule, bill of materials, and inventory status records, the MRP system calculates what to order, how much to order, and when to order. The data-driven demand forecasting capability enhances accuracy in procurement and production planning, reducing the risk of overstocking or understocking. 

Improved production planning and scheduling result from better visibility into predictive analysis of demand, current inventory levels, and lead times. A unified source of historical data informs more precise future material requirements, enabling production planners to create more accurate schedules that optimize resources and minimize idle time. 

Production plans remain exact and responsive to change as the byproduct of a dynamic MRP system. A built-in feedback loop continuously updates and adjusts plans based on actual production progress, changes in demand, and other factors. 

Precise scheduling and timely procurement of materials reduces lead times on delivery of finished products to customers. Speed and responsiveness enhance customer satisfaction, reputation, and competitive advantage in the marketplace. 

The seamless integration of functions throughout your manufacturing organization provides a more cohesive approach to planning, scheduling, and controlling materials and production processes. A centralized platform enhances information sharing, collaboration and coordination of activities, and decision-making.