material requirements planning
Material requirements planning is a key process in manufacturing that involves determining the materials needed for production in order to meet demand while minimizing inventory costs. It involves forecasting demand, tracking inventory levels, and coordinating with suppliers to ensure timely delivery of materials.
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Related Concepts (1)
Similar Concepts
- demand planning
- inventory management and control
- logistics planning
- material handling equipment
- procurement and supplier management
- production planning and scheduling
- production scheduling
- resource allocation and capacity planning
- resource allocation in supply chain management
- resource availability
- resource management
- resource planning
- resource utilization in supply chain management
- supplier quality management
- supply chain planning