MRP II – Manufacturing Resource Planning
When the capabilities of closed-loop MRP are extended to integrate financial, accounting, personnel, engineering and marketing information along with the production planning and control activities of basic MRP system, the resulting broad-based resource-coordination system is known as Manufacturing Resource Planning or MRP II. MRP II is basically needed by today’s organization as it helps in providing vital information regarding inventory investment levels, plant expansion needs, and work-force requirements that is useful for coordinating marketing, financial, engineering and manufacturing efforts of the company.
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