MRP2
**MRP2**
What is MRP2?
Manufacturing Resource Planning (MRP II) is defined as a method for the effective planning of all resources of a manufacturing company. Ideally, it addresses operational planning in units, financial planning, and has a simulation capability to answer "what-if" questions and perform closed-loop feedback. It is an extension of closed-loop MRP and constitutes direct computer information system support to all functional areas of the firm, including marketing, finance, engineering, manufacturing, and inventory management. Its goal is to plan and monitor all resources of a manufacturing firm.
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