Meaning of the word MRP in English

What does MRP mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

MRP

US /ˌem.ɑːrˈpiː/
UK /ˌem.ɑːrˈpiː/
"MRP" picture

Abbreviation

Material Requirements Planning: a system used in manufacturing to manage inventory, schedule production, and deliver products.

Example:
Our company implemented a new MRP system to optimize production.
Effective MRP is crucial for just-in-time manufacturing.