MRP Excel Template
Material Requirement Planning (MRP) template is one of the excel templates created using macros. It is a low cost planning and scheduling tool that is used by most of the manufacturing enterprises. It enables manufacturing professionals to effectively manage the critical resources such as manpower, materials and work in real-time without hassles. Employees can also work with bills, routing, sales orders, inventory levels, process data, and much more.
Who can benefit? Manufacturing companies who produce goods like bakeries, machinery from the scratch will greatly benefit from this MRP template. It helps them in optimal inventory tracking by coordinating and controlling the materials being used, thus preventing excessive storage of goods.
Manufacturing companies can make a best use of the MRP template by simply creating charts and tables for calculating the materials needed to manufacture any item. The raw materials and their price need to be entered into the chart and the template will calculate the total cost required to manufacture the finished product.
MRP is an entire package in itself, starting with bill of materials, data, and different levels to fill in the data. Any time a new article is introduced, it is assigned to a designated level where each level will have its own article code which is indicated on the material bill, stock available, unconsumed quantity of stock, lead time of processing, relation and the number of weeks which Material Requirement planning is scheduled. The tool also comes with a user friendly help.
As every good tool has a set fall, this tool is only understandable to the technical person who is involved in this business. Subject matter experts are needed to handle this kind of tools. Though calculations have to be done before the tool is fully functional, this tool also supports macros which can be programmed for use.