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Final Master Production Schedule

Final Master Production Schedule

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Published by Nishant Ahuja

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categoriesTypes, School Work
Published by: Nishant Ahuja on Jun 03, 2010
Copyright:Attribution Non-commercial

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05/22/2013

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Introduction
Customer service plays a central role in achieving marketingobjectives for firms in the consumer goods industry. The most importantelement of customer service is product availability. Commonly measuredas the fill rate for incoming orders, product availability depends on theamount of end-item inventory in situations where a make-to-stock policyexists. Manufacturing firms in the consumer goods industry adopt themake-to-stock policy because the manufacturing lead-time for end-itemsis often longer than the cycle time for taking and shipping an order. The main tool to control product availability is the masterproduction schedule (MPS). By using the beginning inventory and thesales forecast for a particular end item, a planner can calculate theamount of production needed per period to meet anticipated customerdemand. This calculation becomes more complex in a multi-productenvironment where forecast errors and capacity constraints can add agreat deal of uncertainty to the planning process. As firms continue tointegrate the MPS into logistical planning, it is becoming increasinglyclear that MPS stability plays a major role in managing the trade-off between costs and product availability.
 MASTER PRODUCTIONSCHEDULE
 
A
Master Production Schedule
(MPS) is a plan forproduction, staffing, inventory, etc.
 
It is usually linked tomanufacturing where the plan indicates when and how much of each product will be demanded. This plan quantifies significantprocesses, parts, and other resources in order to optimizeproduction, to identify bottlenecks, and to anticipate needs andcompleted goods. Since an MPS drives much factory activity, itsaccuracy and viability dramatically affect profitability. TypicalMPS's are created by software with user tweaking.Due to software limitations, but especially the intense workrequired by the "master production schedulers", schedules do notinclude every aspect of production, but only key elements thathave proven their control affectivity, such as forecast demand,production costs, inventory costs, lead time, working hours,capacity, inventory levels, available storage, and parts supply. The choice of what to model varies among companies andfactories. The MPS is a statement of what the company expects toproduce and purchase (ie. quantity to be produced, staffinglevels, dates, available to promise, projected balance). The MPS translates the
business plan
, including forecastdemand, into a production plan using planned orders in a truemulti-level optional component scheduling environment. UsingMPS helps avoid shortages, costly expediting, last minutescheduling, and inefficient allocation of resources. Working withMPS allows businesses to consolidate planned parts, producemaster schedules and forecasts for any level of the Bill of Material(BOM) for any type of part. The Master Production Scheduling (MPS) function has grownfrom an MRP-driver to a management function which coordinates
Production and Sales
and translates the
company's longterm plans
into detailed
production decisions
to control thegood show. Therefore each company, though often implicitly, hasan MPS function. The existing frameworks in literature howeverare not always valid to model the MPS function in different typesof companies.A Master Production Schedule or MPS is the plan that a companyhas developed for production, inventory, staffing, etc. It sets thequantity of each end item to be completed in each week of ashort-range planning horizon. A Master Production Schedule is themaster of all schedules. It is a plan for future production of enditems.
 
MPS INPUTS:
 Forecast DemandProduction CostsInventory CostsCustomer OrdersInventory LevelsSupplyLot SizeProduction Lead TimeCapacity
MPS OUTPUT (productionplan):
 Amounts to be ProducedStaffing LevelsQuantity Available to PromiseProjected Available Balance
Features of master productionschedule
Accepts and consolidates independent demand fromManual Forecasts, Sales Forecasts, Customer Ordersand Electronic (EDI) Customer Releases.
Allows extensive manipulation of draft masterschedules through menu features such as rolling,netting, scrap factoring, and lot sizing.
Provides Net Change analysis between two masterproduction schedules.
Prints the Master Production Schedule in 12 day, 4week, 12 week and 12 month formats.

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