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Course Content

FAQs

MRP stands for Manufacturing Resource Planning. It is a computerized system to manage the production and inventory of goods. MRP can be used in different types of industries like manufacturing, retail, and logistics.

Set an hourly amount you wish to earn from your business and divide it by the number of things you can manufacture in that time to price your time.

The price allocated to things purchased via the internet is known as online pricing. Some retailers sell things both online and in their physical stores, while others sell items only online or at a physical location for in-person purchases.

There are three steps to set MRP. The first step is to understand the requirements. The second step is to create the MRP plan. The third step is to implement the MRP plan.

Setting MRP is a way to save time and money. It also enables companies to forecast their production needs ahead of time, so they can buy the right materials.

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