2. MRP
Bus. Comm.
MRP stands for Material Requirements Planning and is a software
solution that helps manufacturers calculate more precisely what
materials they require, at what time, and in what quantities.
3. Real-World Examples of MRP II Software
Bus. Comm.
MRP II is an important tool that helps you account for materials and prevent excess supply by ensuring companies maintain an
inventory that can meet their production needs. Using MRP II, companies can enhance their visibility and relationships with suppliers
to increase their net income.
IQMS.
Fishbowl.
FactoryEdge.
Prodsmart.
abas.
Oracle Netsuite Manufacturing Edition.
Epicor.
S2K Enterprise.
4. ERP
Bus. Comm.
ERP platforms like Netsuite ERP, SYSPRO, and Epicor allow users to
automate workflows and reduce time-consuming daily tasks like data
entry or running reports from multiple systems. ERP systems also work
with Material Resource Planning (MRP) products.
5. Major Reasons for Adopting ERP
• Integrate financial information
• Integrate customer order information
•Standardize and speed up operations
processes
• Reduce inventory
• Standardize Human Resources information
6. How do ERP System Work
Employees
Central
Database
Human
Resource
Management
Applications
Managers and
Stakeholders
Financial
Applications
Reporting
Applications
Manufacturing
Applications
Inventory
And Supply
Applications
Human
Resource
Management
Applications
Service
Applications
Sales and
Delivery
Applications
Sales Force
And Customer
Service Reps
Customers Back-office
Administrators
And Workers
Suppliers
