Resource Requirements Planning
Resource requirements planning (RRP) converts an organization's production plan or master production schedule into the impact of key resources such as labor, storage, shipping dollars and inventory levels. It allows companies to optimize the resources they need to execute day-to-day tasks based on their existing plans and schedules. RRP calculates the requirements for each resource based on planned production so managers can improve planning, capacity and financials.
What Small and Midsize Businesses Need to Know About Resource Requirements Planning
Small companies with production facilities can use RRP to optimize resources and scale resources up and down if required. As a result, these organizations can improve labor efficiency, shipping capacity and storage processes, as well as save money on production processes.
Related terms
- PDM (Product Data Management)
- Project Management
- Gain Sharing
- Small and Midsize Business (SMB)
- Business Process Automation (BPA)
- Human Capital Management (HCM)
- Best Practice
- Business Process Management (BPM)
- Business Impact Analysis (BIA)
- Track And Trace
- Digital Business Transformation
- Bimodal
- Span of Control
- Solution
- Business Process Re-engineering (BPR)
- Enterprise Solutions
- Growth Strategy
- Project Management Office (PMO)
- Business Process Outsourcing (BPO)
- Line Of Business
