With a formal Material Requirements Planning (MRP) system, manufacturers can more successfully schedule the necessary inventory orders required for production—in a more timely manner, control adequate inventory levels, and plan for streamlined production, in order to meet expected delivery schedules.
However, in today’s competitive market landscape, with a driving emphasis on meeting increasing customer demand and satisfaction, even slight fluctuations in demand planning can cause ripple effects through the entire value chain that consequently lead to erratic behaviors and signals from MRP systems. In turn, this leaves procurement team find themselves at risk of constantly putting out fires, being reactive to problems in the value chain, and not having enough time to focus on their longer-term strategic goals.
Read this informative solution sheet and learn why procurement leaders should consider implementing a Demand Driven Material Resource Planning (DDMRP) methodology as part of their strategic business goals, including:
- An overview of the challenges procurement teams face with current MRP methodology
- Why DDMRP is the solution for calming the chaos in today's production planning environment
- How procurement leaders can leverage DDMRP for planning and strategic success