An MRP system (Material Requirements Planning system) is a powerful software solution designed to help manufacturers efficiently manage inventory, production schedules, and processes.
At its core, an MRP system ensures that the right materials are available for production at the right time, in the right quantities, and at the lowest possible cost.
Contents
- Key features of an MRP system
- Benefits of using an MRP system
- Which MRP is the perfect solution for SME manufacturers?
Key features of an MRP system
• Inventory Management. Track raw materials, work-in-progress, and finished goods.
• Production Planning. Schedule manufacturing activities based on demand forecasts and actual customer orders.
• Procurement Planning. Determine what materials need to be purchased and when, optimising supplier lead times and cost.
• Demand Forecasting. Use historical data and current trends to predict future product demand.
Benefits of using an MRP system
Implementing an MRP system can transform the way a manufacturing business operates. From improving efficiency to reducing costs, here are the key benefits of using an MRP system:
• Improved Inventory Management. MRP systems help maintain optimal inventory levels by accurately forecasting material requirements. This reduces excess stock, minimises storage costs, and prevents stockouts that can delay production.
• Enhanced Production Planning. With real-time insights into material availability and production schedules, manufacturers can better plan their operations. This leads to more efficient resource allocation and fewer disruptions in the production line.
• Make Data Driven Decisions. MRP systems provide real-time data and reporting tools that support informed decision-making. Managers can respond quickly to changes in demand, supply chain issues, or production delays.
• Greater Supply Chain Visibility. MRP systems offer a clear view of the entire supply chain, making it easier to coordinate with suppliers, identify bottlenecks, and adjust to changing market conditions.
• Scalability for Growth. As your manufacturing business grows, an MRP system can scale with it, handling increased complexity, larger order volumes, and multiple production lines without sacrificing accuracy or speed.
Which MRP is the perfect solution for SME manufacturers?
If you are an SME looking to grow and increase output, DynamxMFG is the perfect solution. Here’s why:
• DynamxMFG is more than just an MRP system. It is a powerful, smart manufacturing tool which provides real-time tracking of people, products, processes, and performance within your manufacturing.
• As you grow, so do we. DynamxMFG is designed for manufacturers who are outgrowing paper-based systems or Excel spreadsheets and want to take their manufacturing to the next level.
• No need to ditch the old system. DynamxMFG connects easily with many existing legacy systems and accounting tools, like Xero, Sage 200 and QuickBooks, to name a few.
• 90 Day Implementation. Our team of dedicated onboarding engineers is committed to getting you and your business set up on DynamxMFG in just 90 days, so that you see the growth quicker.
Ready to optimise your manufacturing? Book a demo call today.
Read more: 5 Tips for Embracing Digital Transformation in Manufacturing
