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What is Material Resource Planning (MRP)?

1. What is Material Resource Planning (MRP)? 2. What are the key components of an MRP system? 3. What is the role of the master production schedule in MRP? 4. What is the bill of materials in MRP? 5. What is the role of inventory records in MRP? 6. What is the role of purchasing information in MRP? 7. How does MRP help organizations manage their inventory? 8. What is the role of capacity planning in MRP? 9. How does MRP help organizations manage their production processes? 10. What is the role of lead time in MRP? 11. What is the role of safety stock in MRP? 12. How does MRP help organizations reduce costs? 13. What are the benefits of using an MRP system? 14. What are the limitations of an MRP system? 15. What is the role of data analysis in MRP? 16. How can MRP be integrated with other systems, such as ERP? 17. What is the role of forecasting in MRP? 18. How does MRP help organizations manage their suppliers? 19. What is the role of continuous improvement in MRP?

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