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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