MRPII (Manufacturing Resource Planning)

Manufacturing Resource Planning (MRPII) is a computerized system for optimizing the use of production resources. It creates an integrated set of plans to ensure that inventory and operational requirements are met in an efficient and cost-effective way. MRPII integrates data about demand and supply across multiple levels of planning, from strategic to tactical, to help companies develop comprehensive plans to achieve their goals. By combining forecasts, production, supply chain, and financial data into one system, MRPII enables companies to quickly and accurately assess current and future production needs and make sound decisions about procurement strategies. The ultimate goal of MRPII is to reduce costs while increasing efficiency and productivity.