Glossary M

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.

In the context of quality management, measurement refers to the process of quantifying a characteristic or attribute of a product, service, or process.

MRP --->Material Requirements Planning

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