Businesses need to know how frequently to procure and produce, when to order, and from whom. MRP, a component of ERP, is your on-board Material Ph.D.
MRP system looks at all included demand criterion, calculates supplies needed by when and from whom. This "psychic ability" comes from the system's connections associated to anything material and outsourced operations (sub-contractors). MRP then, creates "pegging" (lists of required components) to support the supplies and demands sourced from all parts included in bills of materials (BOM).
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