MPS (Master Production Schedule) and MRP (Material Requirements Planning) are closely related planning systems used in manufacturing. MPS is a plan for individual commodities to be produced in each time period such as production, staffing, inventory, etc. It translates aggregate plans into specific production schedules. MRP is a system for calculating the materials and components needed to manufacture a product. It is dependent on the MPS, Bill of Materials (BOM), and inventory data. MRP helps ensure that materials are available when needed and minimizes inventory levels.
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