Question

This is the currently used term for a system that schedules, dispatches, tracks, monitors, and controls production.

Short answer

A manufacturing execution system is the current name for a system that schedules, dispatches, tracks, monitors, and manages goods. On a manufacturing floor, it entails scheduling, dispatching, tracking, monitoring, and production control.

Step-by-step solution

Introduction

Material requirements planning (MRP) is a computer-based stock control solution meant to improve corporate productivity. Companies employ material requirements-planning systems to predict raw material amounts and schedule delivery.

Analyze

A manufacturing execution system (MES) is an information system that gives all necessary information at the right moment and plans processes in the most efficient way possible. On a manufacturing floor, it entails scheduling, dispatching, tracking, monitoring, and production control. Reduces waste, eliminates duplication of labor and enables real-time integration with MRP (Material requirement planning) and other product and process planning.