How much do you know about MRP? Material requirements planning (MRP) is very commonly used in supply chain. Did you know that an IBM engineer created it after studying Toyota's lean manufacturing techniques? They are not the same, though. Tech Target said, "MRP is considered a 'push' system — inventory needs are determined in advance, and goods produced to meet the forecasted need — while lean is a 'pull' system in which nothing is made or purchased without evidence of actual — not forecasted — demand." MRP is very useful in supply chain for manufacturing, including inventory management and efficiency. Click the link to learn more!
