MRP Procurement, or Materials Requirement Planning, is the process of analyzing production requirements in order to estimate demand for materials and procure them in a timely manner. This helps businesses to forecast inventory needs and maximize efficiency—so they can save time, money, and resources. MRP Procurement involves analyzing sales data, tracking supplier prices, and evaluating market trends to ensure that businesses have the right amount of stock on hand to meet customer demands. It also includes strategically managing procurement activities—such as negotiating with suppliers and monitoring lead times—to ensure that orders are fulfilled on time and products are delivered within budget.