What is Oracle MRP?

Oracle MRP (Material Requirements Planning) is a component of Oracle's supply chain management (SCM) and enterprise resource planning (ERP) systems. It's a planning and execution system designed to help businesses manage their inventory, scheduling, and production processes. Oracle MRP uses demand forecasts, bills of materials, and inventory data to calculate the materials and components needed to meet production plans. It generates purchase orders for raw materials and manages work orders for manufacturing processes, aiming to optimize inventory levels, reduce lead times, and improve overall production efficiency. It is typically used in manufacturing environments where precise material planning and resource allocation are critical.