A Master Production Schedule (MPS) is a tool companies use to plan how many items need to be produced within a given timeframe. The MPS considers the company's overall production goals and the availability of raw materials and other resources. The MPS is a key component of the company's Production Planning and Control (PPC) system.
The MPS is used to generate a production plan outlining the specific steps that need to be taken to produce the desired number of items. The production plan includes information such as the type and quantity of raw materials required, the sequence of operations that must be performed, and the expected completion date. The MPS is typically updated regularly to reflect changes in the company's production goals or the availability of resources.
The MPS is vital for ensuring that the company's production goals are met. By planning production, the company can avoid disruptions caused by last-minute changes. In addition, the MPS can help the company identify potential bottlenecks in its production process and address them.
While the MPS is a valuable tool, it is essential to note that it is only one part of the production planning and Control system. To be effective, the MPS must be integrated with other aspects of the PPC system, such as capacity planning and material requirements planning.
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