Material Requirements Planning (MRP) is a computerized inventory management system that enables businesses to manage their production and inventory needs more efficiently. It is a tool for calculating the materials needed to manufacture a product, and it helps businesses to plan their production schedules, manage their inventory levels, and ensure that they have the materials they need when they need them. MRP software calculates the quantities of raw materials and components required to fulfill production orders, based on a production plan and an inventory schedule, and generates a list of recommended purchases or manufacturing orders to keep inventory levels on track.

The primary objectives of Material Requirements Planning (MRP) are as follows:

1. To ensure that the right materials are available at the right time: The goal of MRP is to ensure that the required materials are available when they are needed, to avoid production delays and reduce inventory costs.
2. To maintain optimal inventory levels: MRP helps to maintain optimal inventory levels by calculating the quantities of raw materials and components required to fulfill production orders. This helps to avoid stockouts and overstocking, which can lead to increased costs and reduced profits.
3. To reduce lead times: MRP helps to reduce lead times by planning the procurement and production of materials in advance. This enables businesses to be more responsive to customer demand and to deliver products more quickly.
4. To improve production scheduling: MRP helps to improve production scheduling by enabling businesses to plan their production schedules more accurately. This helps to avoid bottlenecks and downtime, and improves overall production efficiency.
5. To improve customer service: By ensuring that the right materials are available when they are needed, MRP helps businesses to improve customer service and satisfaction. This leads to increased customer loyalty and repeat business.

Overall, the objective of MRP is to help businesses to optimize their inventory and production processes, reduce costs, and improve customer service. By using MRP to manage their material requirements, businesses can achieve more efficient operations, reduce waste, and improve their bottom line.