How do you manage the risks and opportunities of MRP in a dynamic and competitive environment?
Material requirements planning (MRP) is a system that helps you plan and control the materials and resources needed for your production processes. It can help you optimize your inventory levels, reduce waste, improve customer service, and increase profitability. But MRP also comes with some challenges and risks, especially in a dynamic and competitive environment where demand, supply, and costs can change rapidly. How do you manage the risks and opportunities of MRP in such a scenario? Here are some tips and best practices to consider.