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
, 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
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.