Inventory > Inventory > Inventory & Inventory Locations Inquiries > MRP Recalc Forecast
MRP Recalc Forecast Overview
Material Resource Planning (MRP) is a computer-based inventory management system. MRP generates time-based manufacturing and purchasing plans for optimal inventory availability, which is tied to historically recorded data of clients demands and requirements. MRP is a subset of ERP for managing manufacturing requirements using integrated production planning and inventory controls. The main purpose of MRP Recalc Forecast tool is to have the right materials at the right place and time.
Administering and utilising a forecast with your Sapphire MRP creates a dynamic link with predictive analysis and planning. The Sapphire MRP Recalc Forecast tool will balance supply and demand providing the SapphireOne end user with a specific supply forecast to cater or budget for future demand.
The predictive nature of forecasting provides an intuitive understanding that will allow the prediction of future supply. Inevitably, this will be incorrect for a variety of reasons so if the prediction is wrong the supply will be wrong. This is commonly referred to as errors, instability or signal distortion in MRP forecasting. The SapphireOne user can re balance and redistribute any inaccuracies in the Sapphire MRP tool for up to 2.5 years into the future, and analysing up to 4 years of historical data. The MRP Recalc Forecast tool will allow the SapphireOne user to continuously re balance the situation in a changing plan and changing world.
MRP Re-Cal will perform the calculations required to order the stock required to bring the Inventory stock levels up to their Maximum. If a Minimum – Maximum calculation is required go to Utilities > Master Defaults > Inventory Page and select the Re-Order Ignores the MRP Formula checkbox.
MRP Recalc Forecast Procedure
This Recalculating procedure, if executed on a larger number of Inventory items will take a long time and should only be executed at close of business for the day and allowed to run over night. This will only apply in the case of SapphireOne server sites that have hundreds of users.
This tool is available in both Inventory and Inventory Locations. If this is executed on a Base Inventory Inquiry, the forecast will be applied to all Inventory Locations.
First perform a Base Inventory Inquiry and Location Inventory Inquiry, then select the items that are to have this procedure executed on them as seen below.
As time and business progresses through out the year, an update to your MRP forecast may be required. When the MRP Forecast tool is selected, SapphireOne will display an alert to verify that the Recalculation of the current forecast is to be updated on the selected/highlighted inventory records.
Once the procedure has been completed, SapphireOne will re-display the list of inventory items now filtered to only the items selected above.