MRP in SAP Business One
What Is MRP and How Can It Help My Business?
Material Requirements Planning (MRP) is a tool for managing inventory effectively so that materials are available for production and products are available for sales when and where they are needed without having to keep unnecessarily high stock levels.
MRP allows businesses to better plan their production and procurement processes which leads to better-managed inventory levels so you can meet your customers needs more effectively.
How MRP Works in SAP Business One
In SAP Business One, MRP acts as a blender: it gathers information such as demand, supply, and item quantities, then provides you with recommendations based on that information. The system takes into account how much of a certain item you have on hand, minimum quantities of inventory items, open production orders, and all of the moving parts that can come with managing production.
When using the MRP Wizard, you will receive recommendations on what to buy (purchase orders), what to produce (production orders), and what might need to be transferred from one warehouse to another. Run a variety of scenarios to forecast your future production needs based on item lead times and get recommendations for:
- Production Orders
- Purchase Orders
- Purchase Quotations
- Inventory Transfer Requests
- And more!
Why You Should Already Be Using MRP
MRP empowers the user to make decisions based on how their production actually works and limits unnecessary inventory and potential waste. It gives the user confidence and reassurance that they will be able to deliver on promises made to customers. To learn more about how MRP can be used in a small to midsize business, we asked two of our experts to go over the tools available in SAP Business One and tips for planning production. The topics discussed are included below. Check out the full webinar On Demand now!
- Make to Stock / Make to Order
- What is MRP?
- MRP Settings
- Item Master Data Settings
- Forecast Options
- MRP Wizard
Watch our webinar on MRP in SAP Business One On Demand here or on Youtube.
MRP in SAP Business One Resources
Looking for more information? Below are a few links carefully selected by our experts that are a great starting point for achieving your MRP goals and learning how to better leverage SAP B1 tools. Feel free to browse our resources or check out our knowledgebase. If you have any questions about MRP or want to know how you can run your business better with SAP B1, reach out to us by phone 855-202-5087 or email email@example.com.