Meaning of “MRP” in the English Dictionary

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"MRP" in Business English

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MRPnoun

uk us

[ 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 MRP has now mainly been replaced by MRP II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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