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  2. Master production schedule - Wikipedia

    en.wikipedia.org/wiki/Master_production_schedule

    Outputs may be used to create a Material Requirements Planning (MRP) schedule. A master production schedule may be necessary for organizations to synchronize their operations and become more efficient. An effective MPS ultimately will: Give production, planning, purchasing, and management the information to plan and control manufacturing [3]

  3. Material requirements planning - Wikipedia

    en.wikipedia.org/wiki/Material_requirements_planning

    Material requirements planning (MRP) is a production planning, scheduling, and inventory control system used to manage manufacturing processes. Most MRP systems are software-based, but it is possible to conduct MRP by hand as well. An MRP system is intended to simultaneously meet three objectives:

  4. Manufacturing resource planning - Wikipedia

    en.wikipedia.org/.../Manufacturing_resource_planning

    Manufacturing resource planning (MRP II) [1] is a method for the effective planning of all resources of a manufacturing company. Ideally, it addresses operational planning in units, financial planning, and has a simulation capability to answer "what-if" questions and is an extension of closed-loop MRP (Material Requirements Planning). [2]

  5. Materials management - Wikipedia

    en.wikipedia.org/wiki/Materials_management

    Materials management is a core supply chain function and includes supply chain planning and supply chain execution capabilities. Specifically, materials management is the capability firms use to plan total material requirements. The material requirements are communicated to procurement and other functions for sourcing.

  6. Blanket order - Wikipedia

    en.wikipedia.org/wiki/Blanket_order

    The contract might be extended year after year, but it can be adjusted each time as more relevant forecasting history will predicate the need to decrease or increase stock requirements. Alternatively, some companies may utilize forecasted information via a material requirements planning system to determine appropriate stock quantities ...

  7. Bill of materials - Wikipedia

    en.wikipedia.org/wiki/Bill_of_materials

    A bill of materials or product structure (sometimes bill of material, BOM or associated list) is a list of the raw materials, sub-assemblies, intermediate assemblies, sub-components, parts, and the quantities of each needed to manufacture an end product. A BOM may be used for communication between manufacturing partners or confined to a single ...

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