Saturday, March 29, 2008

What is Master Production Schedule?

What is Master Production Schedule or MPS?
A Master Production Schedule or MPS is the plan that a company has developed for production, inventory, staffing, etc. It sets the quantity of each end item to be completed in each week of a short-range planning horizon. A Master Production Schedule is the master of all schedules. It is a plan for future production of end items.
MPS INPUTS:

Forecast Demand

Production Costs

Inventory Costs

Customer Orders

Inventory Levels

Supply

Lot Size

Production Lead Time

Capacity

MPS OUTPUT (production plan):

Amounts to be Produced

Staffing Levels

Quantity Available to Promise (QAP)

Projected Available Balance

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