Original scientific paper
APPLICATION OF THE EXTENDED MRP THEORY TO A BABY FOOD COMPANY
Danijel Kovačić
; Faculty of Economics, University of Ljubljana, Ljubljana, Slovenia
Eloy Hontoria
; Technical University of Cartagena, Cartagena, Spain
Marija Bogataj
; University of Ljubljana & MEDIFAS, Šempeter pri Gorici, Slovenia
Lorenzo Ros
orcid.org/0000-0002-1736-7525
; Technical University of Cartagena, Cartagena, Spain
Abstract
Actual markets require companies to think about new ways to improve their business or to get additional advantages from their existing competences. Such improvements should not be limited to
optimisation of individual activity cells but should be the result of broader analyses. Companies should consider their whole supply chains and make deep observation of dependencies between
individual activity cells. Material requirements planning (MRP) Theory has proved to be a successful tool for describing and evaluating multistage, multilevel production systems with the use of Net
Present Value (NPV) calculation. Recently, this theory has been extended in a way that it also deals with other vital parts of global supply chains, such as distribution, consumption and the reverse
logistics. We call this approach the Extended MRP Theory (EMRP Theory). This paper shows how EMRP Theory can be used in analysing business processes for a Spanish company dedicated to baby food production.
Keywords
MRP Theory; EMRP Theory; supply chain; NPV; practical application; baby food company
Hrčak ID:
96706
URI
Publication date:
30.12.2012.
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