Discover how closed loop MRP systems optimize production planning and inventory control through dynamic feedback, enhancing ...

Lots of ERP systems boast support for serialization, but the problem is that, as far as we've seen, that serial number support extends to just "these serial numbers exist", or if you're really lucky ...

Material requirements planning (MRP) is a computer-based inventory management system designed to assist production managers in scheduling and placing orders for items of dependent demand. Dependent ...

This is a user generated content for MyStory, a YourStory initiative to enable its community to contribute and have their voices heard. The views and writings here ...

Companies decide to migrate from an existing manufacturing system for several reasons, but the main justification will be that it no longer meets their needs. However, changing MRP/ERP systems is ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Material Requirements Planning (MRP) is software that helps companies estimate the required quantities of raw materials, maintain inventory levels, and ensure manufacturing has all the items needed to ...