What is material requirements planning in SAP PP-MRP - Material Requirements Planning?

SAP Term: material requirements planning

• Component: PP-MRP

• Component Name: Material Requirements Planning

• Description: A term for the actions of creating a production plan or procurement plan for the materials in a plant or company.

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• Key Concepts: 
  Material Requirements Planning (MRP) is a component of SAP's Production Planning (PP) module. It is used to plan and manage the procurement and production of materials in a manufacturing environment. MRP helps to ensure that the right materials are available at the right time and in the right quantity to meet production requirements. 
  
  How to use it: 
  MRP is used to plan and manage the procurement and production of materials in a manufacturing environment. It helps to ensure that the right materials are available at the right time and in the right quantity to meet production requirements. MRP can be used to generate purchase orders, create production orders, and track inventory levels. 
  
  Tips & Tricks: 
  When using MRP, it is important to keep accurate records of inventory levels, as this will help ensure that the right materials are available when needed. Additionally, it is important to regularly review MRP reports to ensure that all materials are being procured and produced in a timely manner. 
  
  Related Information: 
  MRP is closely related to other components of SAP's Production Planning module, such as Capacity Requirements Planning (CRP) and Production Order Processing (POP). Additionally, MRP can be integrated with other SAP modules, such as Materials Management (MM) and Sales & Distribution (SD).