Manufacturing MRP is a process used to efficiently manage and streamline the production of goods. It combines planning, scheduling, controlling and executing activities to ensure that all materials and resources necessary to create finished products are available on time and in the right quantity. MRP stands for Material Requirements Planning and it uses algorithms to calculate how much raw material, how many components, how many labor hours and other resources are needed to complete a production cycle. It helps businesses ensure that they have the right resources at the right time, enabling them to produce goods quickly and cost-effectively.