Take a tour of the Internet and locate a MRP system that has not already been...

Take a tour of the Internet and locate a MRP system that has not already been shared with the class. Tell us how this system can help alleviate one of the inventory problems identified in the chapter this week. Does your MRP system help with JIT as well? If so how? What kinds of calculations are needed in MRP and JIT?

Expert Solution

Material requirement planning (MRP) is a manufacturing management system helps manufacturers in dealing with varios queries realated to production or manufacturing. It helps in on planning, scheduling and inventory control. MRP is also interchangeably used to refer to manufacturing resource planning.

MRP helps manufacturer in various ways:-

1. Inventory control

2. Purchase planning

3. Production planning

4. Work scheduling

5. Resource management

6. Time-saving

7. Purchase ordering

8. Stock balances

9. Minimum order value etc.

JIT focuses on production as it relates not to forecast sales, but to actual orders in-hand. Centered on minimizing waste, JIT controls delivery of raw materials as needed, thereby minimizing the indirect costs of work in progress (WIP) and materials storage. JIT also aims to reduce lead and setup times. Balancing the two goals of avoiding running out of raw materials and at the same time reducing inventory costs is key to JIT processing.

ekkarill92 answered 2 years ago

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