The goal of the Master Production Schedule (MPS) is to balance supply with demand by period, which is often referred to as planning horizon. Your production and items coming in from your supply chain is your supply, and the forecast or confirmed sales is your demand. The Master Production Schedule outlines which items need to be produced, in what quantity and when. The MPS does not go into detail regarding the operations or tasks. Instead, it is like a contract between the sales department and the manufacturing department that balances supply and demand by defining the necessary quantities to produce within specific planning horizons. In reality the MPS is only a line on the master scheduling grid that shows the anticipated production schedule for items maintained and managed by the master scheduler. In most cases, the master scheduler maintains the MPS and works with planners to maintain the mrp. The master production schedule is used for end items, or as we’ve learned, independent demand items. The master production schedule must consider forecasts, production plans, backlogs, supply availability, capacity and the specific policies and goals for an organization. A standard master production schedule is a long-term plan made for each end item separately. Typically the planning horizon would span a few months to several years, with a minimum time bucket of no less than one week. Now that you have a general understanding of what the master production schedule is, we should answer the question, what does it have to do with MRP? The MPS is a direct input to MRP which then calculates the quantities of parts, subcomponents and raw materials to purchase or produce. Some of the benefits of the master production schedule are:
Now, there is a lot more we could go into about the master production schedule. But, we will cover more in future lectures. For now let’s stretch our minds by answering the multiple choice question in the community or the comments section below: The Master Production Schedule is used to schedule which of the following?
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June 2024
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