oboloo Glossary

MRP Calculation

oboloo Glossary

MRP Calculation

MRP Calculation is the process of evaluating a company’s materials requirements to predict the demand for raw materials or components needed to fulfill production orders. It enables businesses to plan their inventory to reduce costs and meet customer needs, while also anticipating future supply and demand issues. This carefully calculated process ensures that companies are able to make the most cost-effective and timely decisions regarding the materials they will need for their production processes.