Manufacturing resource planning (MRP-II),

Definition of Manufacturing resource planning (MRP-II):

1. Successor to the material requirements planning (MRP), it integrates planning of all aspects (not just production) of a manufacturing firm. MRP-II includes functions such as business planning, production planning and scheduling, capacity requirement planning, job costing, financial management and forecasting, order processing, shop floor control, time and attendance, performance measurement, and sales and operations planning. See also optimized production technology.