Material requirements planning, or MRP, is a software-based decision-making tool used in production. The tool compares current inventory levels with production capacity and analyzes what products to manufacture, what quantities are needed, and when they are needed — all based on the forecast generated by the software.
The material requirements planning system helps manufacturers figure out inventory requirements and balance supply and demand. Learn more about the supply chain software and supply chain management services offered by GEP.
GEP SMART is an AI-powered, cloud-native source-to-pay platform for direct and indirect procurement. GEP SMART offers comprehensive source-to-pay functionality in one user-friendly platform, inclusive of spend analysis, sourcing, contract management, supplier management, procure-to-pay, savings project management and savings tracking, invoicing and other related functionalities.
GEP NEXXE is a uniﬁed and comprehensive supply chain platform that provides end-to-end planning, visibility, execution and collaboration capabilities for today’s complex, global supply chains. Built on a foundation of data, artiﬁcial intelligence and cognitive technologies, GEP NEXXE helps enterprises digitally transform their supply chains and turn them into a competitive advantage.