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4 steps of MRP

This is a quick visual outline of the way an MRP system works and how MRP improves your business

Max Elias
by Max Elias | Reading time: 0 minutes

Materials Requirement Planning (MRP) is what companies use to streamline production of goods and inventory management. It is an automated system that uses sales, forecasting, cost of materials, storage capacity, and other data to optimize a business’s production schedule.

An illustration of the 4 steps of MRP

All MRP systems undergo the same 4 steps to create their production schedule. MRP systems are used to reduce wasted inventory and deliver customer orders faster. Materials Requirement Planning is built on accurate and consistent data inputs, so as long as they are fed new information, your supply chain will remain efficient.

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Max Elias

Max Elias

Max is a Content Writer at Lumiform originally from New York, NY. Before Lumiform, he worked at the fintech company SumUp, writing on a range of fintech-related topics. He has experience writing blogs, CRM communication, guides, and landing pages. In addition to a love of content writing, Max is passionate about standup comedy and cooking.