Before and during the manufacturing process, materials need to be complete and ready for the manufacturing operation. There are numerous procedures in growing a business. For this reason, innovative tools are needed to ensure all are according to plan. Let us introduce you to material requirements planning software to help you plan and prepare the raw materials you need for manufacturing and supply chain planning.


7+ Material Requirements Planning Software

1. Fishbowl Inventory

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Rating: 4.2/5

Price: Custom

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2. NetSuite

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Rating: 4.8/5

Price: $999/month

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3. IQMS

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Rating: 4.1/5

Price: Custom

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4. GMDH Streamline

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Rating: 5/5

Price: Custom

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5. ERPAG

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Rating: 5/5

Price: $25/month

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6. Optiproerp

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Rating: 4.7/5

Price: $700/year

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7. Rootstock

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Rating: 5/5

Price: $200/month

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8. Katanamrp

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Rating: 5/5

Price: $99/month

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What is Material Requirements Planning Software?

Material requirements planning software is a technological tool you need to ensure quality assurance and complete preparation of your raw materials for production planning. This type of software includes numerous valuable features and functionalities that can assist you with inspection, management, scheduling, and other tasks. As you are already aware, manually preparing and doing all these procedures takes too much time, effort, and even money. As a result, experts created material requirement planning software to assist manufacturers in obtaining a logical flowchart of their inventory management. With this tool, you ensure that all materials are ready for manufacturing. This way, you can continue your manufacturing with less worry of overlooks.

Benefits

Material requirements planning software bring a lot of benefits and advantages to your production. Technology plays a critical role in business as it provides convenient methods to your organization leading to less heavy works and more productive results. Material requirements planning software can be your friend you can trust in your manufacturing operations.

Features

Features and functionalities vary depending on the platform. Technology firms developed various innovative and hi-tech features that can help you perform enterprise resource planning (ERP) with good results by automated features and functionalities. Every platform provides free features, advanced premium features, or free trials over a certain period. Since they can have different price ranges, it is advisable to check them first before buying them. You can check user reviews or use their trial to experience them firsthand. The following are examples of features most users recommend:

  • Production Scheduling
  • Purchase Order Management
  • Quality Management
  • Accounting Integration
  • Alerts/Notifications
  • Automated Scheduling
  • Barcode / Ticket Scanning
  • Safety Management
  • Distribution Management
  • Document Management

Top 8 Material Requirements Planning Software

1. NetSuite

NetSuite, developed by Oracle, provides features such as aging tracking, approval process control, asset lifecycle management, audit trail, and many more. Oracle has annual revenue of $2,147.5 million and 196,083 employees.

2. IQMS

IQMS or DELMIAworks developed by Dassault Systemes includes automated scheduling, audit management, maintenance management, capacity planning, and many more available features. Dassault Systemes has annual revenue of $2,147.5 million and 18,640 employees.

3. Fishbowl Inventory

Fishbowl Inventory developed by Fishbowl is available to businesses of all sizes. They provide features such as accounting integration, backorder management, billing and invoicing, and more. Fishbowl has annual revenue of $25.7 million and 177 employees.

4. Rootstock

Rootstock Cloud ERP developed Rootstock Software includes approval workflow, cataloging/categorization, capacity management, production scheduling, and many more features. Rootstock Software has annual revenue of $14.2 million and 100 employees.

5. Katanamrp

Katanamrp includes change management, inventory optimization, cost tracking, quality management, what-if analysis, and many more features. Katanamrl has annual revenue of three million dollars and 21 employees.

6. GMDH Streamline

GMDH Streamline developed by GMDH includes data visualization, promotions management, sales forecasting, historical reporting, and many more features. GMDH has annual revenue of $1.9 million and 13 employees.

7. OptiProERP

Optiproerp includes inventory management, project management, material requirements planning, distribution management, supply chain management, and many more innovative features. OptiProERP has annual revenue of $1.6 million and eleven employees.

8. ERPAG

ERPAG includes bills of material, cost tracking, customer relationship management (CRM), enterprise asset management, forecasting, and many more features. ERPAG has annual revenue of a million dollars per year and seven employees.

FAQs

What is the distinction between MRP software and ERP software?

ERP or enterprise resource planning is a process where manufacturers purchase the ingredients of their products and manage them accordingly for manufacturing. MRP or material requirements planning is the process of managing the material. Ensuring all are completer and prepared to declare the start of the manufacturing process. Both are different processes and play a critical role in production.

What is the significance of material requirements planning software?

As we all know, the old ways of material requirement planning are time-consuming and cost a lot of money. Since it is the technology era, software, such as material requirements planning software is made to help manufacturers lessen manufacturing challenges while saving time and money. Such a tool provides an impressive contribution to manufacturing due to its given features and functionalities.

What are the advantages of planning material requirements?

Planning is always the primary and crucial part of the business. Planning helps you collect and prepare the requirements for your manufacturing. Overlooks and miscalculations are common in production, which can cause problems. That is why planning material requirements is essential to ensure complete preparation and prevent overlooks. High-quality material requirement planning improves procurement, manufacturing, supply chain, and production.

Materials required for your production are undeniably crucial to your business. Overlooked material can slow down your manufacturing process and production, which can cause delayed distribution causing disappointed customers. With material requirements planning, you can check, communicate, and prepare conveniently and cost-effectively. Numerous features are awaiting you. Choose the best for your production.


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