How can MRP help with product lifecycle management?

2 What are the inputs of MRP?

To run MRP, you need three main inputs: the master production schedule, the bill of materials, and the inventory records. The master production schedule is a detailed plan of what products you need to produce, when, and in what quantities. The bill of materials is a list of all the materials and components that go into each product, along with their quantities and specifications. The inventory records are the data on the current stock levels, lead times, and reorder points of your materials and components.

3 What are the outputs of MRP?

The outputs of MRP are the plans and reports that help you manage your production activities. The main outputs are the planned order releases, the order release notices, the changes and cancellations, and the performance reports. The planned order releases are the instructions to order or make the materials and components needed for production. The order release notices are the confirmation of the planned order releases. The changes and cancellations are the adjustments to the planned order releases due to changes in demand, supply, or capacity. The performance reports are the evaluation of how well MRP is meeting your production goals and objectives.

4 How can MRP help with product lifecycle management?

MRP is a powerful tool that can help you with product lifecycle management. It can estimate the costs, availability, and lead times of materials and components for product design, as well as identify and eliminate any potential errors or conflicts in the bill of materials. MRP can also create a realistic and feasible master production schedule that aligns with customer demand and capacity constraints, balance inventory levels, generate planned order releases and order release notices, monitor and update production status and inventory records, provide changes and cancellations to alert of any deviations or disruptions in the production plan, and measure and improve production efficiency and effectiveness with performance reports. By using MRP, you can plan, execute, and control your production processes more effectively and efficiently, ultimately delivering high-quality products to customers on time and on budget.