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What Does MRP Mean?

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Aun Jafery answered
MRP can mean any of a number of things. MRP can stand for Maximum Retail Price which means the maximum price that has to be paid for a product. It generally includes all taxes and levies that have been imposed by the government or local authority. It can mean Manufacturer's Recommended Price refers to the price set by the manufacturer himself and implies it as an approximate. It can also be an acronym for Machine Readable Passport, Magnum Rifle Powder, Major Research Paper, Market Risk Premium, Multi drug Resistant Protocol, Marginal Revenue Production is a concept in Economics, Malware Removal and Prevention, Meal Replacement Powder and Mouvement republicain populair a former political party in France.

MRP can also be the acronym for Materials Requirements Planning. This is a software based system used in inventory control and production planning to manage the process of manufacturing.

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