oboloo Glossary

Material Planning System

oboloo Glossary

Material Planning System

A Material Planning System is a comprehensive suite of tools and technologies used by businesses to control, manage and optimize the flow of materials throughout their organization. It combines inventory control, planning and scheduling, order fulfillment, logistics, procurement, production forecasting and more in one system. With a Material Planning System, businesses can forecast demand, identify new opportunities, make informed decisions quickly and optimize the use of limited resources. It’s like having an entire team of material management professionals on-hand – at your fingertips!