What is Material Requirements Planning (MRP) in Supply Chain Planning? 
MRP, or Material Requirements Planning, is a key concept in the warehousing and supply chain industry. Here's what you need to know:
Purpose: It calculates the materials and components needed to manufacture a product.
Goal: To maintain optimal inventory levels, ensuring you avoid both shortages (that could delay production) and surpluses (that tie up capital and storage space).
Why MRP Matters:
Keeps production schedules running smoothly. Reduces waste and improves efficiency. Helps you meet customer demands on time.
Stay ahead in the supply chain game by mastering concepts like MRP. It's all about balancing supply with demand!