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Home > QFINANCE Dictionary > Definition of MRP II

Definition of

MRP II

Operations & Production

computer-based system used in manufacturing a computer-based manufacturing, inventory planning, and control system that broadens the scope of production planning by involving other functional areas that influence production decisions. Manufacturing resource planning evolved from material requirements planning to integrate other functions in the planning process. These functions may include engineering, marketing, purchasing, production scheduling, business planning, and finance.

Related definitions of "MRP II"

Definitions of ’MRP II’ and meaning of ’MRP II’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’MRP II’ and other financial terms with our online QFINANCE Financial Dictionary.

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