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Closed-loop MRP (Closed-loop Material Requirements Planning)
Closed-loop material requirements planning (Closed-loop MRP) is a system that improves production planning and inventory management. It contains a feedback feature that lets organizations carry out many tasks associated with material requirements planning, such as purchasing materials, scheduling and dispatching, and managing reports from stores and vendors.
What Small and Midsize Businesses Need to Know About Closed-loop MRP (Closed-loop Material Requirements Planning)
Small companies in the manufacturing or production sectors can use Closed-Loop MPR to rush orders, improve lead times, and better manage their inventories. Closed-loop MPR can also optimize master production schedules and support capacity planning requirements.
Related terms
- Procurement
- Bill of Materials (BOM)
- Advanced Driver Assistance Systems (ADAS)
- Smart Factory
- Strategic Sourcing
- Value-Added Reseller (VAR)
- Telematics
- Supply Chain
- Vendor
- Enterprise Resource Planning (ERP)
- Supply Chain Planning (SCP)
- Scanner
- SCADA (Supervisory Control and Data Acquisition)
- Total Quality Management (TQM)
- Vendor Management
- Senpai
- Radio-frequency Identification (RFID)
- Loopback
- Total Cost of Ownership (TCO)
- Electro Mobility (e-Mobility)
