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What does MRP mean?

Looking for the meaning or definition of the word MRP? Here's what it means.

Initialism
  1. (computing) Material Requirements Planning, a type of application software system used to schedule and monitor the use of components and other materials in a manufacturing operation.
  2. (computing) Manufacturing Resource Planning, a type of application software system used to schedule and monitor the full range of resources required for a manufacturing operation. (Sometimes called MRP II.)
  3. The educational degree Master in Regional Planning.
  4. Manufacturer's Recommended Price.
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Examples
You can set the planning time fence in the material master or per MRP group in Customizing.
The planning time fence that you assign manually has priority over the planning time fence in the MRP group.
Material requirements planning for each MRP area allows you to have specific control over the staging and procurement of parts produced in-house and purchased parts for each shop floor and assembly area.
The MRP system is the first cost-effective, easy-to-use tool for the qualitative evaluation of media relations campaigns.
The army MRP will form an integral part of the CF Integrated Managed Readiness System.
The MRP, it pointed out, was supposed to look after cultural matters, not dabble in high politics.

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