Glossary M

The Glossary for Quality Management +++ 'Muda', 'MRP', 'Material Requirements Planning'

Material Requirements Planning (MRP) aims to increase manufacturing efficiency by managing the

  • production schedule,
  • reducing inventory,
  • increasing cash flow, and
  • delivering products in a timely manner.

Muda (Japanese: waste) describes Toyota's concept in the Toyota Production System (TPS) to improve profitability by waste reduction.