What Does MRP Stand For?

MRP stands for Manufacturing Resource Planning

Manufacturing Resource Planning (MRP) is a systematic approach to managing manufacturing processes that integrates various functions such as production planning, inventory control, and scheduling. MRP aims to optimize resource allocation, enhance production efficiency, and ensure timely delivery of products by effectively coordinating material requirements, labor, and machine utilization. This data-driven methodology helps organizations streamline operations, reduce costs, and improve overall productivity in a manufacturing environment.