MRP Meaning in Cambridge Business English Dictionary
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Meaning of "MRP" - Business English Dictionary

MRP

noun
 
 
[U] PRODUCTION abbreviation for material requirements planning: a method of ordering the equipment and materials necessary for a manufacturing process by computer so that they arrive at a suitable time. MRP has now mainly been replaced by MRP II
[C] COMMERCE abbreviation for manufacturer's recommended price
(Definition of MRP from the Cambridge Business English Dictionary © Cambridge University Press)
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