Ad
related to: mrp ii vs mrp meaning in education industry
Search results
Results From The WOW.Com Content Network
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]
Manufacturing resource planning, (MRP II), derived from/a followup to MRP/Material requirements planning; Material requirements planning; Maximum retail price, in India and Bangladesh; Marginal revenue product, in the marginal revenue productivity theory of wages; Market risk premium, a risk premium
MRP II was developed by Gene Thomas at IBM, and expanded the original MRP software to include additional production functions. Enterprise resource planning (ERP) is the modern software architecture, which addresses, besides production operations, distribution, accounting, human resources and procurement.
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 ...
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.
The design of the ARM is a key issue in a proceeding to approve an MRP. Several approaches to ARM design are well established. An index-based ARM is developed using industry price and productivity research and is calibrated to produce superior returns for superior productivity performance.
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.