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MRP Software

Material Requirements Planning software, more commonly known as MRP software, manages material requirements for manufacturing processes. MRP systems enable more efficient business process management for production planning and inventory control, ensuring that materials are readily available to meet production demands. MRP software is related to Enterprise Resource Planning (ERP) software, Manufacturing Execution Systems and Production Scheduling software. Find the best material requirements planning software for your organisation in Australia.

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MYOB Advanced Manufacturing cloud-based software is designed specifically for mid-sized ANZ manufacturers to deliver real-time data. Learn more about MYOB Advanced Manufacturing
MYOB Advanced Manufacturing cloud-based software is ideal for mid-size ANZ manufacturers looking to integrate accounting, manufacturing and sales software into one central system. Streamline your operations and increase your efficiency by managing your entire manufacturing business end-to-end. Access real-time data, from anywhere, to enable insight driven decision making for faster growth and to keep you ahead of your competitors. Learn more about MYOB Advanced Manufacturing

Features

  • Document Management
  • Quality Management
  • Quotes/Estimates
  • Supplier Management
  • Supply Chain Management
  • Bills of Material
  • Purchase Order Management
  • Production Management
  • Inventory Tracking
  • Billing & Invoicing
Seamlessly connect your shop floor operations, real-time data, and inventory management on one, cloud manufacturing platform. Learn more about StartProto
StartProto is a cloud-based manufacturing solution that helps businesses streamline quoting, routing & product scheduling operations. StartProto seamlessly integrates with your existing workflows. From quote to cash, modernize all your manufacturing processes and optimize your operations with our lightweight but powerful software. Learn more about StartProto

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  • Document Management
  • Quality Management
  • Quotes/Estimates
  • Supplier Management
  • Supply Chain Management
  • Bills of Material
  • Purchase Order Management
  • Production Management
  • Inventory Tracking
  • Billing & Invoicing
MRPeasy is a cloud-based, affordable and user-friendly MRP software for small manufacturers with 10-200 employees. Learn more about MRPeasy
Affordable and user-friendly self-service MRP software for small manufacturers and distributors (10-200 employees). Seamless management of production, stock, customers, purchases, finances, and your team. Stay organized with accurate scheduling and reporting, real-time inventory and purchase management, and a complete view of the business. No more spreadsheets, always promise an accurate lead time, prevent stock-outs and overstocking, improve internal communication and customer satisfaction. Learn more about MRPeasy

Features

  • Document Management
  • Quality Management
  • Quotes/Estimates
  • Supplier Management
  • Supply Chain Management
  • Bills of Material
  • Purchase Order Management
  • Production Management
  • Inventory Tracking
  • Billing & Invoicing
A comprehensive web-based and 100% paperless shop management system for small to medium manufacturing companies. ERP/QMS/MES and more! Learn more about ProShop ERP
A comprehensive web-based and 100% paperless shop management system for small to medium manufacturing companies. Built to manage the complex manufacturing environment better than anything else on the market - by an order of magnitude. Never before has there been a system that gives you such insight into every detail of your manufacturing company. ProShop is 100% paperless ERP/MES and QMS software. We typically replace 3-6 other software systems with ProShop for managing your whole company. Learn more about ProShop ERP

Features

  • Document Management
  • Quality Management
  • Quotes/Estimates
  • Supplier Management
  • Supply Chain Management
  • Bills of Material
  • Purchase Order Management
  • Production Management
  • Inventory Tracking
  • Billing & Invoicing
Katana's cloud platform offers live inventory, production, accounting, and reporting for businesses to make the right decisions. ​ Learn more about Katana Cloud Inventory
Katana is a manufacturing ERP that gives you a live look at your business. Features include live inventory and manufacturing management, batch tracking for end-to-end traceability, a Shop Floor App for total floor-level control, open API, and a growing channel partner network. Real-time master planning features automate resource allocation based on prioritised sales orders and integrations with e-commerce, accounting, CRM, and reporting services to centralise all key business operations. Learn more about Katana Cloud Inventory

Features

  • Document Management
  • Quality Management
  • Quotes/Estimates
  • Supplier Management
  • Supply Chain Management
  • Bills of Material
  • Purchase Order Management
  • Production Management
  • Inventory Tracking
  • Billing & Invoicing
Total ETO is an ERP/MRP, providing better collaboration, efficiency, and accuracy for Custom Machine Builders. $7,500/year for 5 seats. Learn more about Total ETO
Total ETO is a Totally Better ERP/MRP, providing better collaboration, efficiency, and accuracy for Custom Machine Builders. We integrate with popular accounting and CAD systems, which saves your team from paperwork and double entry. In fact, you’ll LOVE working with our Dynamic BOMs! Total ETO is easy to implement and use, affordable, and backed by a team of industry experts with a passion for the success of every client. $7,500/year for 5 seats, including implementation and training. Learn more about Total ETO

Features

  • Document Management
  • Quality Management
  • Quotes/Estimates
  • Supplier Management
  • Supply Chain Management
  • Bills of Material
  • Purchase Order Management
  • Production Management
  • Inventory Tracking
  • Billing & Invoicing
Oracle Fusion Cloud ERP is a cloud-based, end-to-end, business management solution designed for mid to enterprise-level customers. Learn more about Oracle Fusion Cloud ERP
Continuous change requires continuous innovation. Tomorrow’s leaders are those most capable of adapting to change today. Oracle Fusion Cloud ERP is a complete, modern, cloud ERP suite that provides your mid to enterprise-level teams with advanced capabilities, such as AI to automate the manual processes that slow them down, analytics to react to market shifts in real time, and automatic updates to stay current and gain a competitive advantage. Learn more about Oracle Fusion Cloud ERP

Features

  • Document Management
  • Quality Management
  • Quotes/Estimates
  • Supplier Management
  • Supply Chain Management
  • Bills of Material
  • Purchase Order Management
  • Production Management
  • Inventory Tracking
  • Billing & Invoicing
Efficiently plan and schedule material requirements to balance supply and demand with NetSuite MRP.
NetSuite MRP provides visibility into inventory levels and availability to accurately plan for required stock levels. Automatically determines which materials, machinery, and labor are required, when, and where in order to meet demand based on the bill of materials (BOM). Use hypothetical scenario planning so planners can see the impact of potential changes before committing to them. Allocate inventory and planned inventory to future builds to ensure availability. Learn more about NetSuite

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  • Document Management
  • Quality Management
  • Quotes/Estimates
  • Supplier Management
  • Supply Chain Management
  • Bills of Material
  • Purchase Order Management
  • Production Management
  • Inventory Tracking
  • Billing & Invoicing
JobBOSS² promotes the profitability of scaling job shops by delivering a seamless quote-to-cash solution.
ECI Shoptech brings together industry-leading solutions E2 SHOP and JobBOSS to create the next evolution in job shop business management: JobBOSS². Designed for job shops and make-to-order manufacturers, JobBOSS² provides the flexibility manufacturers need to maximize productivity and profits, while scaling effectively. JobBOSS² gives you insight and visibility into your shop floor like never before with quick estimates and quotes, inventory control, real-time data collection, flexible scheduling, and much more! Learn more about JobBOSS²

Features

  • Document Management
  • Quality Management
  • Quotes/Estimates
  • Supplier Management
  • Supply Chain Management
  • Bills of Material
  • Purchase Order Management
  • Production Management
  • Inventory Tracking
  • Billing & Invoicing
Fishbowl is a complete manufacturing and inventory management solution that includes material requirements planning (MRP).
Fishbowl Manufacturing and Inventory Management software automates and simplifies the manufacturing process, so you can save time, reduce costs, and improve profitability. Fishbowl’s inventory management includes advanced work orders, material requirements planning (MRP), bills of materials, barcode scanning, and much more. View real-time data to help you make informed decisions while reducing costs. Learn more about Fishbowl

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  • Document Management
  • Quality Management
  • Quotes/Estimates
  • Supplier Management
  • Supply Chain Management
  • Bills of Material
  • Purchase Order Management
  • Production Management
  • Inventory Tracking
  • Billing & Invoicing
Odoo is a fully integrated, user-friendly solution to MRP, Quality, Maintenance, and everything related to PLM.
Odoo¿s multi-level intuitive BoM tracking ties in seamlessly with a user¿s whole inventory and product catalog. Organize production through operations, work centers, and detailed steps. Manage cost analysis, time-tracking, and lot serial number traceability with real-time reporting. Use barcodes to speed up manufacturing operations: lot or serial number scanning, start/pause/stop stopwatch, trigger a maintenance request, move to the next step, and more. Learn more about Odoo

Features

  • Document Management
  • Quality Management
  • Quotes/Estimates
  • Supplier Management
  • Supply Chain Management
  • Bills of Material
  • Purchase Order Management
  • Production Management
  • Inventory Tracking
  • Billing & Invoicing
The secret powering small businesses in 90+ countries worldwide. Track stock, manage sales, pick and ship orders, and more,
inFlow Inventory is the easiest way to run your wholesale, distribution, manufacturing, or ecommerce business. Track stock across any location and manage purchases and sales—all from one app. inFlow helps you manage any order or process from start to finish, with full pick/pack/ship support, BOM and assemblies, and connections to over 35 different ecommerce platforms. We offer in-house support via live chat, email, and callback. Click Visit Website to start your free 14-day trial now. Learn more about inFlow Inventory

Features

  • Document Management
  • Quality Management
  • Quotes/Estimates
  • Supplier Management
  • Supply Chain Management
  • Bills of Material
  • Purchase Order Management
  • Production Management
  • Inventory Tracking
  • Billing & Invoicing
Incorporate materials requirements planning (MRP) into DEAR inventory management and accounting with supply chain management features.
Incorporate supply chain strategies into DEAR inventory management with MRP and supply chain management features. Consider demand from sales and supply from stock on hand, transfers, production, assembly and suppliers to generate supply management suggestions. Use MRP to compare actual and forecasted sales demand with available and potentially available stock supplies and determine when products should be produced in-house, bought from suppliers, and delivered to distribution centers. Learn more about Cin7 Core

Features

  • Document Management
  • Quality Management
  • Quotes/Estimates
  • Supplier Management
  • Supply Chain Management
  • Bills of Material
  • Purchase Order Management
  • Production Management
  • Inventory Tracking
  • Billing & Invoicing
Sage 100 is an ERP platform for growing and medium-sized sales and manufacturing companies.
Sage 100 is the right ERP solution for your industry. Sage 100 is an ERP platform for growing and medium-sized sales and manufacturing companies. It is the ERP solution for medium-sized companies that want to design their business processes individually. Sage 100 offers you integrated applications for every company area, which you can easily put together individually. Learn more about Sage 100

Features

  • Document Management
  • Quality Management
  • Quotes/Estimates
  • Supplier Management
  • Supply Chain Management
  • Bills of Material
  • Purchase Order Management
  • Production Management
  • Inventory Tracking
  • Billing & Invoicing
ERPAG is an ERP cloud service that covers all business processes for small or mid-sized companies.
Get your orders from different sales channels and launch Work orders based on BOMs. FEATURES: Reordering. Order fulfillment.Label printing.Inventory tracking (Barcode, Serial, Lot).Multilevel BoM. Gantt charts.Multiple warehouses.Multi-language interface.Composite products(BOMs, Kitting, Variable items). User-level management. Integrated invoicing and purchasing module>Shipper integration(UPS, USPS, FedEx) Learn more about ERPAG

Features

  • Document Management
  • Quality Management
  • Quotes/Estimates
  • Supplier Management
  • Supply Chain Management
  • Bills of Material
  • Purchase Order Management
  • Production Management
  • Inventory Tracking
  • Billing & Invoicing
Reliable, real-time extended ERP software with lean and agile functionality developed especially for mid-market manufacturing companies
DELMIAWorks (formerly IQMS) ERP software provides discrete and process manufacturers with a single solution to manage and monitor the entire manufacturing process. The comprehensive solution allows for a modular and scalable approach while eliminating data silos. DELMIAWorks end-to-end manufacturing ERP system for mid-market manufacturers increases cross-department visibility and efficiency with comprehensive functionality from finance to production to quality assurance to supply chain. Learn more about DELMIAworks

Features

  • Document Management
  • Quality Management
  • Quotes/Estimates
  • Supplier Management
  • Supply Chain Management
  • Bills of Material
  • Purchase Order Management
  • Production Management
  • Inventory Tracking
  • Billing & Invoicing
Unleashed Software provides a powerful platform to accurately manage your inventory in real-time.
Unleashed Software is a powerful cloud-based platform for all your inventory management needs. Unleashed lets you easily and accurately track stock in real-time across multiple locations. Get visibility on all inventory management processes and transactions across warehouses globally. With total inventory oversight your businesses can make better, data-driven, decisions. Unleashed also integrates with multiple eCommerce software platforms to provide a holistic business solution. Learn more about Unleashed

Features

  • Document Management
  • Quality Management
  • Quotes/Estimates
  • Supplier Management
  • Supply Chain Management
  • Bills of Material
  • Purchase Order Management
  • Production Management
  • Inventory Tracking
  • Billing & Invoicing
Cloud based custom manufacturing solution with quoting, business intelligence, employee management, and more.
ShopVOX is a comprehensive web-based, easy to use management solution for custom fabricators. Our solution includes everything you need to run your shop - sales lead tracking, quoting, work orders, purchase orders, job management and scheduling, online proof approvals, Quickbooks integration, business intelligence, online credit card payments through Authorize.net, and much more. Perfect for - Sign companies - Printing companies - Apparel companies - Custom manufacturers - Job shops Learn more about shopVOX

Features

  • Document Management
  • Quality Management
  • Quotes/Estimates
  • Supplier Management
  • Supply Chain Management
  • Bills of Material
  • Purchase Order Management
  • Production Management
  • Inventory Tracking
  • Billing & Invoicing
Deltek Costpoint is an ERP and accounting solution for leading Government Contractors.
Deltek Costpoint is an ERP and accounting solution for Government Contractors with 98% of the top 50 firms trusting Costpoint for project accounting, contracts management, real-time analytics and reporting. Costpoint provides a means to implement Federal Acquisition Regulations (FAR) and DFARS compliant financial accounting and procurement process including support for MMAS requirements and DPAS ratings, ensuring streamlined DCAA or DCMA audits. Learn more about Deltek Costpoint

Features

  • Document Management
  • Quality Management
  • Quotes/Estimates
  • Supplier Management
  • Supply Chain Management
  • Bills of Material
  • Purchase Order Management
  • Production Management
  • Inventory Tracking
  • Billing & Invoicing
Cloud based MRP system aimed at the smaller manufacturing company. Simple to use, affordable and a simple 30 day rolling contract.
MRP software reinvented for the smaller sized MANUFACTURING company. Majority of Statii users are Job Shops, machinists or fabrication companies, although our MRP solution works in numerous manufacturing environments, where a raw material is processed to create a value added product. Complete Material Resource Planning tool to manage the CRM, inventory control, production planning and scheduling, shop floor management, costing and tracking of jobs. Learn more about Statii

Features

  • Document Management
  • Quality Management
  • Quotes/Estimates
  • Supplier Management
  • Supply Chain Management
  • Bills of Material
  • Purchase Order Management
  • Production Management
  • Inventory Tracking
  • Billing & Invoicing
Kinetic is an end-to-end ERP solution for manufacturers that need real-time access to decision-making data anytime, anywhere.
Kinetic is an end-to-end, cloud-based ERP solution with MRP developed to fit the specific needs of manufacturers in Aerospace/Defense, Automotive, Discrete, Electronics/High Tech, Fabricated Metals, Furniture/Fixtures, Industrial Machinery, Medical Device, Metal Service Centers and Rubber/Plastics industries. Equipped with advanced BI and analytic tools, Kinetic may improve operations, reduce costs, increase sales and margins, and improve customer service. Learn more about Kinetic

Features

  • Document Management
  • Quality Management
  • Quotes/Estimates
  • Supplier Management
  • Supply Chain Management
  • Bills of Material
  • Purchase Order Management
  • Production Management
  • Inventory Tracking
  • Billing & Invoicing
Australia Local product
Are you losing revenue due to inefficient MRP? Take control of your processes with the #1 MRP software for in-house DTC makers.
Are you losing revenue due to inefficient Material Requirements Planning (MRP)? Take control of your complex production processes with Craftybase, the leading MRP software for in-house DTC makers. Analyze production requirements, track real-time inventory levels, get unmatched supply chain traceability, and make informed decisions about purchasing, production scheduling and resource allocation. Integrate your storefront and unlock the full potential of your business. Try 14 days for free. Learn more about Craftybase

Features

  • Document Management
  • Quality Management
  • Quotes/Estimates
  • Supplier Management
  • Supply Chain Management
  • Bills of Material
  • Purchase Order Management
  • Production Management
  • Inventory Tracking
  • Billing & Invoicing
One word sums up MIE Trak Pro: flexibility. Our MRP system adjusts its full features uniquely to you - without hurting your wallet.
MIE Trak Pro is an easy to use, production control and job tracking solution designed to help you increase your operating profits without increasing overhead. MIE Trak Pro integrates data from production schedules with inventory/BOM to automate purchasing, give you access to your inventory item's key information in order to efficiently purchase, plan, and schedule forecast based on parameters, such as priority and due date. Resource planning has never been so easy. Learn more about MIE Trak Pro

Features

  • Document Management
  • Quality Management
  • Quotes/Estimates
  • Supplier Management
  • Supply Chain Management
  • Bills of Material
  • Purchase Order Management
  • Production Management
  • Inventory Tracking
  • Billing & Invoicing
Manufacturing Excellence is a rapid, flexible, and scalable solution for manufacturing ops using digital production records (EBR/eDHR).
MasterControl’s MES solution, Manufacturing Excellence, is revolutionizing quality manufacturing for life sciences organizations by providing a rapid, flexible, scalable, production records (EBR/eDHR). With comprehensive systems integrations and rich data analytics, Manufacturing Excellence is fast to deploy, simple to configure, easy to use, and cost-effective to roll out across all your production lines. Learn more about MasterControl Manufacturing Excellence

Features

  • Document Management
  • Quality Management
  • Quotes/Estimates
  • Supplier Management
  • Supply Chain Management
  • Bills of Material
  • Purchase Order Management
  • Production Management
  • Inventory Tracking
  • Billing & Invoicing
Genius Solutions offers a complete MRP software for small to mid-sized custom, make-to-order and engineer-to-order manufacturers.
Genius Solutions offers a complete manufacturing resource planning (MRP) solution for small to mid-sized custom manufacturers, including software, implementation services, and field expertise. Genius ERP is built for make-to-order, engineer-to-order, custom-to-order, and assemble-to-order manufacturers. Use real-time data to gain complete oversight over your shop: accurate estimating, product engineering, inventory control, and production planning. Simplify complex manufacturing with Genius ERP. Learn more about Genius ERP

Features

  • Document Management
  • Quality Management
  • Quotes/Estimates
  • Supplier Management
  • Supply Chain Management
  • Bills of Material
  • Purchase Order Management
  • Production Management
  • Inventory Tracking
  • Billing & Invoicing

MRP Software Buyers Guide

Material Requirements Planning (MRP) software is essentially a computer-based inventory management system that improves the productivity of a business by reducing inventory management errors and making data relating to stock easier to access. The system works by starting at a finished product and working backwards, converting that product into a list of assemblies, parts, and materials, along with an estimated schedule. This allows a business to instantly see realistic timeframes for producing a particular product, and understand what will need to be bought and manufactured to create that product.

Several features are key to what an MRP system does. This includes producing a bill of materials—essentially a complete list of the materials needed for a given product, complete with quantities, unit costs, total costs, and wastage. It also includes the ability to produce a master production schedule, which is a statement of planning that includes current capacity and predicted delivery times for materials or parts that need to be ordered. An MRP system should also be able to maintain records of inventory so that the immediate capacity to produce a particular product can be quickly checked.

An effective MRP benefits users by making the process of planning a production run more efficient and accurate. It allows a business to know—to a high level of detail—how long they can expect to take for a production run, what materials they will need, how much those materials will cost, how long the production run will take, and how much of the required materials are already in stock.

A typical MRP system focuses on several areas, including billing and inventory management. Indeed, some solutions will incorporate MRP and the aforementioned types of software into one system. Furthermore, others rely on interfacing with the relevant systems to get the data it needs and update those systems when needed.

When considering a new MRP solution, a business needs to factor in whether the feature set of a particular solution will meet its needs, and whether there is sufficient compatibility with existing systems if it is to work alongside them. The technical skill level of the employees using the software should also be considered, as well as the cost of training if needed. To be included in the MRP software category, a solution will usually include the following features:

  • The ability to keep track of existing stock in the form of complete products, parts, and raw materials, making it easy to quickly determine the feasibility of meeting deadlines
  • The functionality to automatically create a detailed Bill of Materials (BoM) that includes a detailed breakdown of the materials in a project, unit costs and projected times
  • Being a company-wide system that can act as a single point of authority when it comes to information about stock and ongoing projects
  • An ability to perform “what-if” scenarios to show different ways of doing things
  • The ability to set up locations so that the software can distinguish between local materials and materials on the other side of the planet when dealing with global companies with many locations

What is Material Requirements Planning Software?

Material requirements planning software allows for the production process to become more efficient. It is a type of software used to keep track of things like current stock, production times, wastage, and unit costs so that an accurate Bill of Materials (BoM) can be quickly produced when needed. This cuts down a lot of time in the estimating and quoting process and reduces the possibility of errors, such as under-quoting a job or factoring in materials that aren’t available.

When set up correctly, MRP software can act as a single point of authority for available resources. This is especially crucial for large businesses with several locations where it would otherwise be very easy to accidentally double-book resources for different projects. Using this software, resources can essentially be locked out so that, until otherwise stated, those resources can’t be claimed for anything else. An MRP system can automatically output purchase orders, work orders, and reports, ensuring that the necessary materials and work are booked or ordered and that the relevant parties are kept apprised of the ongoing progress of a project.

MRP systems are an effective tool for businesses to make detailed and efficient plans for production runs or other projects, though they do rely on other areas of the business for their accuracy. For example, MRP software can only accurately plan a project if the information about what is in stock is kept accurate. When used in conjunction with inventory management software—or as part of a larger software suite that includes both—it can allow for many benefits. For example, reducing the amount of stored inventory, and the overall manufacturing costs, allows businesses to offer their customers lower prices or increase profit margins.

What are the benefits of material requirements planning software?

The benefits of material requirements planning systems are mostly centred around making the process of producing a product or service more efficient while reducing the associated costs. This is achieved through refining the margins of error in the estimation process so that the capacity and schedule of a company can be seen without having to dedicate a lot of time and labour to working things out manually. Some of the more specific advantages of MRP systems include:

  • An assurance on the availability of materials and components: When used properly, an MRP system can give an organisation the peace of mind that comes with knowing that the materials for a given project will be available once the project begins. The centralisation of this information also ensures that resources are not booked for more than one project.
  • Optimisation of inventory management: An MRP solution will either form part of the inventory management system or plug into an existing solution. This allows for the solution to provide real-time information when looking at stock levels and ensures that those stock levels are immediately and accurately updated when a project is booked in and the associated resources times have been allocated.
  • Minimisation of inventory levels and costs associated with storage: Having a more accurate grasp of inventory management will allow an organisation to cut down its margin of error. This means the amount of stock that is needed can be reduced, in turn reducing the amount of financial commitment the company has to enter into without a specific return on the horizon. MRP also reduces the amount of work involved in keeping inventory records up to date.
  • Reduced customer lead times: MRP solutions allow for a more accurate grasp of inventory and scheduling, and can help to reduce the lead times of the projects to the customer. This is partly down to more accurate organisation, but also because certain delays caused by things like having to order more stock are largely avoided.
  • Increased labour productivity: Organisations using MRP systems generally enjoy more productive use of their time thanks to avoiding the aforementioned delays that can be caused by a lack of the right materials and resources. An organisation can also plan its schedule across multiple projects better. For example, if a company knows one project is waiting for certain materials to arrive, it can schedule around this, and divert those idle resources to other projects in the meantime.
  • General improvement in overall customer satisfaction: All of the above—from reduced costs to shorter lead times—leads to a generally better experience for the customer, which in turn leads to better customer satisfaction.

What are the features of material requirements planning software?

The features of material requirements planning are focused on improving the efficiency of the manufacturing or service-providing process. The specific features may vary significantly from one solution to another, though the core features should be present in every MRP system. Here are some of the most common features of material requirements planning software:

  • Cost reporting: Reporting the costs of a given project can be a surprisingly time-consuming aspect of business once a company reaches a certain size and complexity. What would previously have taken many hours of checking and cross-referencing spreadsheets can be done in just a few clicks using MRP software. Furthermore, the resultant costing will typically be more accurate than equivalent cost reporting done manually, as the only way for the software to make a mistake is with inaccurate data.
  • Bill of materials: Producing a bill of materials is a critical part of production planning. It is a complete list of the raw materials, components, and assemblies needed for a project, complete with wastage numbers, unit costs, and the total cost of a given material. A bill of materials will be linked to a centralised data source, meaning the information will always be up to date.
  • Production control: Having real-time data about what projects are in progress and what materials are earmarked for a particular job allows an organisation to make more informed decisions about the production process. Ideally, it allows an organisation to prevent delays altogether with detailed planning. In less ideal situations, it allows an organisation to make informed decisions about handling delays that crop up due to unforeseen circumstances and things out of the company’s control.
  • Capacity planning: There is more to planning a production run or project than checking if there are sufficient supplies in the warehouse. Human resources are a vital aspect of any project, and knowing what resources are available at a given time is essential in knowing what capacity a company achieve. This also helps to prevent an organisation from over-extending itself and, in turn, disappointing customers by not meeting deadlines or producing an inferior product.
  • Inventory control: Many MRP systems will provide an in-built ability to directly monitor stocks and inventory. This will grant an organisation the ability to compare a particular project with the available inventory in real-time. This also allows for the ordering of new stock when needed, safe in the knowledge that the stock is needed at that time, and cutting down the time a project might be held up by the wait for ordered supplies.
  • Sales analysis: Detailed records of past projects can allow for in-depth analysis of market trends, essentially allowing an organisation to more accurately forecast demand. Making accurate predictions about what products and services will be in higher demand allows an organisation to make more efficient use of their inventory, only ordering what they know they will need.
  • Tool management: Materials, components, and labour are not the only things to account for when tallying up available resources. Tools are also an essential part of production and service providing, and no company has access to unlimited tools. With MRP systems, it is possible for an organisation to factor in their tools—particularly rare and specialist tools—to make sure that a given tool will be available when it is needed for a project.
  • Warehouse management: Being able to manage inventory with a greater degree of precision will empower a business to make better use of its physical space. If less inventory needs to be stored thanks to more efficient inventory management, less space is needed to store that inventory, which can reduce costs or free up additional real estate for other things.

What should be considered when purchasing material requirements planning software?

When purchasing material requirements planning software, it is vital to consider the value proposition this software brings for the specific company. Some MRP systems will be better suited to smaller companies with single locations, whereas others will be more well-suited to larger organisations with several locations. For very small businesses, an MRP system may not be necessary at all. These software solutions can come in both locally deployed and Software-as-a-Service (SaaS) options, though the general shift towards SaaS in business as a whole remains true in this industry as much as anywhere. Here are some of the most important things to consider when looking to purchase an MRP system:

  • What are the key features of the MRP? The first thing to consider with any key software acquisition or subscription is the features included with the package. The more features a software solution includes, the more it will cost. Therefore, it makes fiscal sense to consider whether a company might benefit from looking at a less expensive solution with fewer features or whether it is worth it to the company to spend more money to get a solution with more features. It’s also worth considering the ease with which a business can upgrade. If a company doesn’t need certain features now but will need them in the future, a smooth upgrade path will be necessary.
  • What are the costs associated with the MRP? Naturally, once it is established that the feature set included with an MRP system covers everything a business needs, the next thing to consider is the price. This may affect the type of deployment, as locally deployed software tends to be more expensive upfront, whereas SaaS is more of a service than a software product and more immediately affordable. If the features the company needs are financially out of reach, it may be better to wait until those features can be afforded, as purchasing software that doesn’t meet the company’s needs will have limited benefits.
  • Can the MRP help the business achieve its goals? The next thing to consider is whether the software in question will help the company reach its goals. Generally speaking, any kind of efficiency improvement will bring a company closer to its ultimate goals, but it’s important to establish that the potential MRP system will actually improve the company’s workflow and productivity.
  • Is the MRP suitable for the size of the business? Some MRP systems are intended for larger businesses, such as ones that offer the ability to create distinct locations. This is important for larger businesses with multiple locations. Without it, a company could find itself in a situation where its MRP says it has the materials for a project, but it then turns out the materials are halfway around the world at another location. On the other hand, a small business with a single location does not need this kind of feature.
  • Is the MRP compatible with other critical software? An MRP solution will need to work with other software solutions to do its job. The most obvious examples of this are inventory control software and billing. Many of the benefits that an MRP system brings will be negated if the software can’t adequately communicate with other relevant software solutions, so it’s crucial to ensure a potential MRP solution is compatible with any other software in use.
  • Does the MRP make existing software obsolete or redundant? Following on from the last point, another thing to consider is if the MRP system in question might render any existing software unnecessary. A smaller company using a limited, locally deployed inventory management solution may be able to do away with that existing system entirely in favour of an MRP solution that handles those features.

The most relevant material requirements planning software trends focus on further improving the efficiency of a production environment, as well as providing deeper insights into the operation of a business. The most relevant trends within the field of material requirements planning are listed here:

  • Better supply chain resilience: As business becomes increasingly global, even at the level of small businesses, supply chains are becoming longer and more complex. One trend in MRP is the drive to make supply chains more resilient through MRP solutions being able to analyse potential disruptions and work around them automatically.
  • Deeper and smarter data analysis: The amount of data available to modern businesses is growing, but what is done with that data is the tricky aspect MRP will look to deal with going forward. MRP solutions will likely see a drive to analyse and interpret the influx of data from the many sources (such as suppliers, logistics firms, etc.) as well as past sales data and information on things like wastage and production time, and use that data to provide valuable insights going forward.
  • Self-reporting inventory: As much as an MRP system can improve the efficiency of a business’ production operation, human error is still a factor, and it’s one that MRP software developers are likely to attempt to eliminate through self-reporting inventory. From automated item picking to automatic logging of products leaving a warehouse, MRP solutions will look to remove all inaccuracy from the process, in turn making them more effective at what they do.