Introduction
Material requirements planning (MRP) is a key element of the manufacturing execution system (MES). MRP is used to forecast and plan for material needs, including production, purchase, and sales orders. It is a term that describes the process of forecasting, purchasing and managing inventories of raw materials, work-in-process inventory (WIP), and finished goods. It helps you optimize your inventory levels as well as your overall supply chain operations by ensuring that incoming materials are used in the most efficient way possible. In the manufacturing industry, it helps to determine what materials are needed when and where they are needed. The primary distinction between MRP and ERP systems is that an MRP system simply aids in the optimization of the manufacturing process, but an ERP system provides many additional functions for the operation of a business. For a Manufacturing MSME, a complete ERP system may be overkill; however, MRP is a must.

What are the benefits of using MRP in your small business?
MRP is a critical component of any manufacturing, business, or organization. Many industry experts believe that implementing and using MRP can have a positive impact on the financial, operational, and strategic performance of businesses and organizations. It is used in manufacturing to help determine what materials are needed when and where they are needed. It helps eliminate waste by matching production with demand, resulting in more efficient use of materials, labor, and capital resources. Its main objective is to ensure that the right materials are available at the right time to support production and other operations in a company. MRP software can help coordinate the scheduling and tracking of material requirements, as well as manage inventory levels. It also allows companies to source materials from several suppliers, enabling them to negotiate better prices or rely on backup sources if one supplier fails to deliver. It helps eliminate waste by matching production with demand, resulting in more efficient use of materials, labor, and capital resources.

What are the benefits of using MRP in your small business?
Small business owners face a lot of challenges, and there are countless traps to fall into that can cost you time and money. One such trap is getting caught up in the day-to-day demands of running your business, to the point where you don’t have time for growth. That’s why it’s important for small businesses to use a methodology that reduces risk and allows them to focus on growing their business. With the increasing demand for small businesses to provide goods and services on a timely basis, it is of great importance that you have an effective production scheduling system in place. MRP, or material requirements planning, can assist you in fulfilling orders as quickly as possible by providing advance notice of materials needed.

How to choose the right MRP system for your business?
With the increasing demand for small businesses to provide goods and services on a timely basis, it is of great importance that you have an effective production scheduling system in place. MRP, or material requirements planning, can assist you in fulfilling orders as quickly as possible by providing advance notice of materials needed. If your small business is looking for a way to add efficiency and accuracy to your production and fulfillment processes, you’ll want to consider using manufacturing resource planning (MRP). This essential tool allows you to monitor inventory levels, plan production schedules, track individual jobs through different stages of the process, and produce reports. But what if you could automate the entire process? You can with a cloud-based solution that connects directly to your ERP system.

Top 10 MRP that you should consider before making a decision!
There are many options available in the market; however, for an MSME it’s important to select the right MRP which can fulfill their requirements. A few of the options (in alphabetical order) are:
1. Acumatica
2. CionMRP
3. Epicor Software
4. Fishbowl
5. Genius ERP
6. IQMS
7. JobBOSS
8. Katana MRP Software
9. MRP easy
10. Odoo

Platform Best for Price
Acumatica A scalable MRP solution, excellent customer service and CRM feature Contact directly for price quotes
CionMRP Full-featured, easy to use platform Suitable for small manufacturers $199 per year for unlimited users
Epicor Software Tackles complex and challenging needs of customers Contact directly for price quotes
MRP easy Simple and easy operations meant for small manufacturers Starter- $49/month
Professional- $69/month
Katana MRP Software One platform for multiple solutions Essential Plan- $99/month
Pro Plan- $349/month
Genius ERP Engineering and manufacturing needs Contact directly for price quotes
Odoo open-source software, to be used on a private server $25/user/month

 

CionMRP is a SaaS-based complete Material Requirement Planning system that handles the production planning, scheduling, inventory control system and decision-making to manage the manufacturing process.

It includes all required modules to manage production and manufacturing process :

  • Finished products management
  • Semi-finished products management
  • Orders Management
  • Raw material management
  • Warehouse management
  • Storage management & volume ratio
  • Bill of materials BOM
  • Daily plannings
  • Weekly plannings
  • Monthly plannings
  • Production workstations
  • Production tasks
  • Production routing
  • Production timing management
  • Production timing estimates
  • Production workforce estimates
  • Storage Reports
  • Production Reports
  • Planning Reports

To wrap things up
Cionlabs is having extensive experience in the Manufacturing domain and can help you in implementing MRP for your business. CionMRP can be a platform of your choice, feel free to contact us for further information.