What is MRP (Material Requirements Planning)?MRP stands for Material Requirements Planning and it’s a software that creates master records of your products and keeps track of material movements like purchases, productions, sales, stock transfers and more. It helps businesses to plan & time their purchases and productions optimally. What does MRP do?Actively tracks and manages product informationGives you accurate information on inventory levels.Intelligently plans your purchase and production schedulesSimplifies record keeping like stock ledgers, delivery notes, invoice creation.Connects your entire team from any deviceDelivers instant insights and reportsExtends and customizes as your business grows