Enterprise glossary and term center

Research and understand all the intricate terms and definitions that surround the ecosystem of enterprise resource planning (ERP), enterprise software and no-code tools.

Material Requirements Planning - What are the objectives of material requirement planning?

Objectives of MRP:. One of the primary material requirements planning objectives is that it reduces inventory. ... It identifies materials quantities, timings, avail-abilities, procurement and actions required to meet deadlines. ... MRP enables the firm to give realistic delivery dates to the customers.