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me? Improve Supply Schedules? Improve Calculation of Material Requirements? Improve Competitive PositionThree Basic Steps of MRP?Identifying Requirements?Running MRP – Creating the Suggestions?Firming the SuggestionsStep 1: Identifying the Requirements?Quantity on Hand?Quantity on Open Purchase Order?Quantity in/or Planned for Manufacturing?Quantity Committed to Existing Orders?Quantity ForecastedStep 1: Important InformationMRP is…..?Company Sensitive?Location Sensitive?Date SensitiveStep 2: Running MRP – Creating the Suggestions?Critical Items?Expedite Items?Delay ItemsStep 3: Firming the Suggestions?Manufacturing Orders?Purchasing Orders?Various ReportsOverview of the MRP SystemProduct Structure FileMaster Production ScheduleInventory Master FileMaterial Requirements PlanningManufacturing OrdersPurchase OrdersVarious Reports