Describe the relationship between MRP and ERP

Managing inventory and scheduling works are very important for manufacturing companies. Firms that make products need to know clearly the amount of their inventory on hands, which materials do they need for the productions and in what amount from time to time before they can accept customer orders. Many firms fail or delay to deliver their products to their customers due to their inability to keep track of their inventory, set up appropriate schedules for their works, and/or order inadequate amount of materials for productions. Thanks to the development of technology, organizations now can do a better job at managing their inventory and scheduling their works with the use of enterprise resource planning (ERP) and material requirements planning (MRP). In this essay, I will explain what are ERP and MRP and the relationship between them.

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