MRP (Material Requirements Planning)

Posted in Operations and Supply Chain Terms, Total Reads: 3561

Definition: MRP (Material Requirements Planning)

MRP or material requirement planning is one of the most important aspects of operations Management. It is the technique of effectively procuring the material and using it for meeting the store as well as the demand.

Like many other methods this also had its genesis at the Toyota facility in Japan.

MRP takes care of the effective management of following-

  • Ensuring optimum Production
  • Meeting Demand
  • Maintaining repurchase schedule
  • Keeping minimum Inventory
  • Maintaining delivery schedule


Browse the definition and meaning of more terms similar to MRP (Material Requirements Planning). The Management Dictionary covers over 7000 business concepts from 6 categories.

Search & Explore : Management Dictionary

Share this Page on:
Facebook ShareTweetShare on G+Share on Linkedin