Explain MRP and BOm

Question

Explain MRP and BOm

Accepted Answer

MRP stands for Material Requirements Planning, which is a system used to manage and plan the materials needed for production. BOM stands for Bill of Materials, which is a list of all the components needed to manufacture a product.

MRP helps in determining the quantity and timing of materials needed for production
BOM lists all the raw materials, components, and sub-assemblies required to manufacture a product
MRP and BOM are essential tools in production planning and inventory management
Example: In MRP, if a company plans to produce 100 units of a product, the system will calculate the quantity of each raw material needed based on the BOM

Explain MRP and BOm

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