Source : Free On-Line Dictionary of Computing

Manufacturer Resource Planning
     
         (MRP II) A system based on {MRP} which allows
        manufacturers to optimise materials, procurement,
        manufacturing processes, etc., and provide financial and
        planning reports.
     
        In the late 1970s and early 1980s, manufacturers integrated
        MRP and other manufacturing and business functions.  This
        renaissance is commonly known as Manufacturing Resource
        Planning (MRP II).  According to the American Production and
        Inventory Control Society, Inc. (APICS), MRP II is a method
        for the effective planning of all resources of a manufacturing
        company.  Ideally, it addresses operational planning in units,
        financial planning in dollars, and has a simulation capability
        to answer "what if" questions.  It includes business planning,
        sales and operations planning, production scheduling, material
        requirements planning (MRP), capacity requirements planning,
        and the execution support systems for capacity and material.
        Output from these systems is integrated with financial reports
        such as the business plan, purchase commitment report,
        shipping budget, and inventory projections in dollars.
        Manufacturing resource planning is a direct outgrowth and
        extension of closed-loop MRP.
     
        See also {Enterprise Resource Planning}, {SAP} R/2, R/3, and
        {Baan}.
     
        (1999-02-16)