MRP-2 (Manufacturing Resource Planning)
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Defination:

“A method for the effective planning of all resources of a manufacturing company” (APICS def.)Financial accounting incorporated Sales Operations Planning Simulate capacity requirements of different possible Master Production Schedules 1989, $1.2B MRPII sales in U.S., one third of total software sales.

Benefits of MRP:

  1. Better response to customer orders
  2. Faster response to market changes
  3. Improved utilization of facilities and labor
  4. Reduced inventory levels
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Some more basic points:

Once an MRP system is in place, inventory data can be augmented by other useful information
  • Labor hours
  • Material costs
  • Capital costs
  • Virtually any resource
    • System is generally called MRP II or Material Resource Planning

    MRP in services:

    Some services or service items are directly linked to demand for other services These can be treated as dependent demand services or items
  • Restaurants
  • Hospitals
  • Hotels
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