Material Requirements Planning (MRP) is software that helps companies estimate the required quantities of raw materials, maintain inventory levels, and ensure manufacturing has all the items needed to make products to satisfy demand. MRP is one of the early inventory management systems and has been widely adopted by manufacturers.

Compared to the world when MRP was introduced, when it was accepted to take several days for an MRP run, doing it quickly is critical. The difference of course is that business processes are more integrated and the Internet has enabled companies to become connected, both within the organisation and between business partners. Therefore, the way MRP is implemented and applied needs to reflect these changes. Read more - https://www.nexsys.co.uk/knowledge-hub/applying-mrp-with-erp-in-a-modern-manufacturing-environment/