Tag: mrp

  • Material requirements planning (MRP) – what will be needed and when?

    Material requirements planning (MRP) – what will be needed and when?

    Imagine a company that produces electronic equipment such as stereos and TVs. There are several models, sizes, powers, but many components and raw materials are common for various models. To satisfy future demand, how many components should be in inventory in each period? When should each part be ordered? And how many units of each?…