What is 'Manufacturing Resource Planning (MRP II)'

Manufacturing Resource Planning (MRP II) is an integrated information system used by businesses. Manufacturing Resource Planning (MRP II) evolved from early Materials Requirement Planning (MRP) systems by including the integration of additional data, such as employee and financial needs. The system is designed to centralize, integrate and process information for effective decision making in scheduling, design engineering, inventory management and cost control in manufacturing.

BREAKING DOWN 'Manufacturing Resource Planning (MRP II)'

MRP II is a computer-based system that can create detail production schedules using real-time data to coordinate the arrival of component materials with machine and labor availability. MRP II is used widely by itself, but it's also used as a module of more extensive enterprise resource planning (ERP) systems.

RELATED TERMS
  1. Closed Loop MRP

    A Closed Loop Manufacturing Resource Planning (MRP) is a computerized ...
  2. Enterprise Resource Planning - ...

    Enterprise resource planning is a process whereby a company manages ...
  3. Base II

    Base II is a data processing system operated by Visa USA for ...
  4. Accounting Information System - ...

    An accounting information system is the collection, storage and ...
  5. Optimization

    Optimization, in the context of technical analysis, is the process ...
  6. Flexible Manufacturing System - ...

    A flexible manufacturing system is a method for manufacturing ...
Related Articles
  1. Investing

    What India’s Tax Change Means for Consumer Giants

    In response, Unilever's Hindustan boosts production while P&G prepares for the worst-case scenario.
  2. Trading

    Introduction to Level II Quotes

    Find out what's happening in a given stock with this service showing Nasdaq market makers' best bid and ask prices.
  3. Investing

    LG: A case study of successful Enterprise Resource Planning

    LG and Fuze Energy Drinks are prime examples of companies that benefited from implementing Enterprise Resource Planning systems.
  4. Financial Advisor

    Asset Manager Ethics: Rules Governing Capital Markets

    The integrity of the capital markets needs to be kept at utmost importance for all investors. This article shows how to maintain the integrity while investing.
  5. Retirement

    Is Your 401(k) Administrator Competent?

    The more that employees know about their employee 401(k) plans, the better. But what doesn't your administrator know?
  6. Trading

    Basics Of Trading Systems

    A trading system can save time and take the emotion out of trading, but adopting one takes skill and resources - learn more here.
  7. Personal Finance

    Common Interview Questions for Data Integrity Analysts

    Prepare for a data integrity analyst job interview by identifying some of the key questions commonly asked and developing winning responses.
  8. Financial Advisor

    The Future of the Fiduciary Rule

    Ed Gjertsen II, CFP® discusses the future of the Fiduciary Rule.
RELATED FAQS
  1. When does it makes sense for a company to pursue vertical integration?

    Discover how vertical integration allows firms to take more control over production costs, the quality of its products and ... Read Answer >>
  2. How did World War II impact European GDP?

    Understand the effect of World War II on the European gross domestic product and what foreign and domestic factors influenced ... Read Answer >>
  3. What commodities are the main inputs for the electronics sector?

    Explore the use of commodities in the electronics sector. Discover potential risks and opportunities presented by raw materials ... Read Answer >>
Trading Center