What is the Material Requirement planning (MRP)? | MRP Process

In this video, you are going to learn "What is the material requirement planning or MRP?"
Material requirements planning or MRP is a computer-based inventory management system designed to improve productivity for businesses. Companies use material requirements-planning strategies to ensure that materials and components are available in the right quantities, and schedule their delivery time.
The chapters I have discussed are -
1. what is the material requirement planning (MRP)?
2. Material requirement planning process.
3. Functions of material requirement planning.
4. Inputs to Material requirement planning (MRP) - Master production schedule, Bill of material file, Inventory record file.
5. MRP output reports.
6. Advantages of the Material requirement planning process.
7. Dis-advantages of the Material requirement planning process.
8. Material requirement planning pdf.

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