What is Material Requirements Planning (MRP)?

Material Requirements Planning (MRP) is a comprehensive system that plays a pivotal role in identifying and managing the essential materials needed for production. This strategic approach involves meticulous consideration of material types, quantities, quality standards, and optimal timing to ensure a well-coordinated and efficient supply chain.

The primary objectives of MRP include streamlining the procurement process, minimizing waste, and maintaining an inventory that aligns precisely with short-term production requirements.

Learn more about Ivalua’s Direct Materials Sourcing Solutions.