Manufacturing Resource Planning (MRP)
MRP is also known is Materials requirement planning or manufacture resource planning and basically both mean the same. It is a very efficient tool that helps to plan and manage the resources required for the manufacturing process.
With the help of MRP, businesses can plan their raw materials for manufacturing needs in an accurate fashion and manage the inventory as well. It can handle timely material purchasing needs, put cost control measures in place, schedule the production process and also analyze sales requirements. Metahorizon offers this as a part of the Business Intelligence planning.