Software Connect recently published its MRP Software Buyer Trends – 2018 Report, and it’s filled with fascinating insights into mindset of MRP buyers. They interviewed a randomly selected group of 183 manufacturers and put together their responses into a number of charts to see what they are looking for in a material requirements planning solution.
Here are the top 19 features that these manufacturers said they are looking for in an MRP:
- Purchasing planning – 79%
- Demand forecasting – 76%
- Master production scheduling – 72%
- Inventory reservation and availability – 60%
- Production cost reporting – 58%
- Item price and stock tracking – 54%
- Shop floor control – 48%
- Equipment maintenance scheduling – 44%
- Inventory location tracking – 36%
- Replenishment thresholds – 34%
- Bill of materials – 31%
- Barcoding – 30%
- Flexible inventory costing (LIFO/FIFO/Average) – 25%
- Lot number and batch tracking – 24%
- Inventory holds management – 20%
- Back order tracking – 13%
- Kitting – 13%
- Serial numbers – 13%
- Pricing discount management – 12%