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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).
An MRP II system can include finite or infinite capacity planning. But, to be considered a true MRP II system must also include financials. In the MRP II (or MRP2) concept, fluctuations in forecast data are taken into account by including simulation of the master production schedule, thus creating a long-term control. [8]
Multilevel regression with poststratification (MRP) is a statistical technique used for correcting model estimates for known differences between a sample population (the population of the data one has), and a target population (a population one wishes to estimate for).
The Gartner Group first used the acronym ERP in the 1990s [8] [9] to include the capabilities of material requirements planning (MRP), and the later manufacturing resource planning (MRP II), [10] [11] as well as computer-integrated manufacturing. Without replacing these terms, ERP came to represent a larger whole that reflected the evolution of ...
The economic production quantity [48] (EPQ) differs from the EOQ model only in that it assumes a constant fill rate for the part being produced, instead of the instantaneous refilling of the EOQ model. A typical MRPII construct: general planning (top) concerned with forecasts, capacity planning and inventory levels, programming (middle ...
Manufacturing resource planning, (MRP II), derived from/a followup to MRP/Material requirements planning Material requirements planning Maximum retail price , in India and Bangladesh
Manufacturing resource planning (MRP2 or MRP II Topics referred to by the same term This disambiguation page lists articles associated with the same title formed as a letter–number combination.
Production planning is the future of production. It can help in efficient manufacturing or setting up of a production site by facilitating required needs. [2] A production plan is made periodically for a specific time period, called the planning horizon.