Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Material requirements planning (MRP) is a computer-based inventory management system designed to assist production managers in scheduling and placing orders for items of dependent demand. Dependent ...

T. S. Lee and Everett E. Adam, Jr. The impact of forecasted demand and forecast error, introduced in the Master Production Schedule, upon Material Requirements Planning (MRP) Systems is investigated.