Material requirements planning systems add a level of automation to inventory control. When you set minimum and maximum stock levels on a simple inventory, you are beginning to use MRP principles. MRP ...

An MRP or Manufacturing Resource Planning software is a comprehensive business management tool designed specifically to meet the needs of manufacturers. It helps with every aspect of running a ...

I’ve been working with several of my New York Institute of Technology MBA students in various practicums I’ve setup. I’m finding a lot of them have extensive backgrounds and studies in supply chain ...

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 ...

Clay Halton was a Business Editor at Investopedia and has been working in the finance publishing field for more than five years. He also writes and edits personal finance content, with a focus on ...

Whenever you talk about manufacturing businesses, no matter whether discrete or process manufacturing, the terms Enterprise Resource Planning (ERP) and Material Requirements Planning (MRP) invariably ...