Material Requirements Planning

Material Requirements Planning (MRP) is a production planning, scheduling, and inventory control system used to manage manufacturing processes. Coursera's MRP catalogue teaches you how to efficiently control the types and quantities of materials needed for production and the optimal time to produce them. You'll learn about the key components of MRP such as bill of materials (BOM), master production schedule (MPS), and inventory records. This knowledge will aid in reducing inventory costs, improving customer service, and streamlining production plans. You'll grasp the techniques to balance the demand and supply, predict inventory needs and scheduling requirements, and manage the manufacturing process effectively.