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MRP |
Also found in: Acronyms, Wikipedia, Hutchinson | 0.07 sec. |
Popular Republican Movement (MRP)French social reform party. Founded in 1944, the MRP was a strong centre party of the Fourth Republic and the French expression of Christian Democracy. After winning about 25% of the vote, it declined in the 1950s, losing strength to both right and left factions. In 1966 it was merged with other right-centre parties to become the Centre Démocrate, which won only 13% of the vote. By 1968 it had become little more than a political club. MRP(Material Requirements Planning) An information system that determines what assemblies must be built and what materials must be procured in order to build a unit of equipment by a certain date. It queries the bill of materials and inventory databases to derive the necessary elements. See MRP II.
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The newly approving European Union countries mutually recognized the UK license after completion of the MRP. Just as a ppm may be said to "mark-up" the MC of its optimal output to determine the price to charge consumers, a rpm may be said to "markdown" the MRP of its optimal amount of labor to determine the wage to offer workers. MRP offers complete design, development and manufacturing services for rubber and plastic products, and is a manufacturer of air induction systems, noise dampening products, static gaskets, air, water and fuel tubes, and sealing systems for the Big Three automakers and Tire 1 auto suppliers. |
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