<Li> Planning data . This includes all the restraints and directions to produce such items as: routing, labor and machine standards, quality and testing standards, pull / work cell and push commands, lot sizing techniques (i.e. fixed lot size, lot - for - lot, economic order quantity), scrap percentages, and other inputs . </Li> <P> There are two outputs and a variety of messages / reports: </P> <Ul> <Li> Output 1 is the "Recommended Production Schedule ." This lays out a detailed schedule of the required minimum start and completion dates, with quantities, for each step of the Routing and Bill Of Material required to satisfy the demand from the master production schedule (MPS). </Li> <Li> Output 2 is the "Recommended Purchasing Schedule ." This lays out both the dates on which the purchased items should be received into the facility and the dates on which the purchase orders or blanket order release should occur in order to match the production schedules . </Li> </Ul> <Li> Output 1 is the "Recommended Production Schedule ." This lays out a detailed schedule of the required minimum start and completion dates, with quantities, for each step of the Routing and Bill Of Material required to satisfy the demand from the master production schedule (MPS). </Li>

What is mrp write the objectives and advantages of mrp