Inventory Management

Material Requirements Planning is all about getting the materials you need to the places you want, on time. Done right, MRP keeps inventory low, yet sufficient – it avoids both overstock and lack. Knowing the lead times of your material deliveries, and the capacity of your suppliers, will allow you to keep an optimal amount of stock. Here’s how to plan: Determine components from your Bill of Materials. - The BOM will show all parts of the product. Forecast demand. - How m