Development of MRP System at Aerospace Components Industry

This paper is based on reducing inventory management issues by developing the existed Material Requirement Planning System.Present days, lot of growth has been taken in Material Requirement Planning. Now a day all companies adopted software based planning and scheduling system to their production. The company implemented Advanced Planning and Scheduling system for their planning, scheduling and inventory management. This report also contains the analysis of Advanced planning and scheduling system. After successfully analysing APS, there we found lot of issues about material requirement.This report describes the development of an existing Material requirement planning. With the help of survey articles and some text books we developed some mathematical equations to calculate safety stock and reorder level on the basis of suppliers lead time and demand. This report contains the analysis of an Advanced planning and Scheduling System. Based on the results we can improve the production level by reducing cost and level of inventory. Totally this report describes the development of the existing material requirement planning system at aerospace component industry.