Master production scheduling, Operation Management

Assignment Help:

Master Production Scheduling

The master schedule ( or master production schedule of MPS) sets the quantity of each end item (finished product) to be completed in each time period ( week or month or quarter) of the short range planning horizon. Master production scheduling ( MPS) are developed by reviewing market forecast customer orders inventory levels facility loading and capacity information regularly.

The MPS is a plan for future production of end items over a short range panning horizon that usually spans from a few weeks to several months. It is a significant link in between marketing and production .

Objectives of master production scheduling

1.To schedule end items to be competed promptly and when promised to customers.

2. To avoid overloading / within loading the production facility so that production capacity is efficiently utilized and low production costs result.


Related Discussions:- Master production scheduling

Describe in terms of developing a project plan, In terms of developing a pr...

In terms of developing a project plan, specifically recommend how this resource could expedite that process.

Explain maintain its strong brand images, impressive portfolio includes som...

impressive portfolio includes some of the strongest brand names in the world. Additionally, P&G must study its consumers, use long-term perspectives, employ product innovation and

Explain would you want to manage an ikea store, Would you want to manage an...

Would you want to manage an IKEA store? Why or why not?

Explain how many observations would be needed, To determine the standard wo...

To determine the standard working time for a special job, following observation data is collected: Observation 1 2 3 4 5 6 7 8 Time (in second) 17 18 15 14 13 15 16 13 a) If the pe

Explain function of operational leadership, Create a scenario that depicts ...

Create a scenario that depicts how the first line leader should act to fulfil the purpose and function of operational leadership in his or her area

Explain never underestimate the other guy, Jack Welch, the former CEO of Ge...

Jack Welch, the former CEO of General Electric of 20 years, respected business leader and writer proposes ten fundamental leadership principles (from his 2001 book 'Jack: Straight

Mgt455, Discuss an example of a work-related project that is able to be bro...

Discuss an example of a work-related project that is able to be broken down into structure, tasks, subtasks, and work packages, and why project management in the form of a CPM/PERT

Explain what kind of training should be done, Performance problems seem all...

Performance problems seem all too common in your workplace. People don't seem to be putting forth the needed effort, and interpersonal conflict on the work teams seems to be a cons

Considering strategic choice - operation strategy, Considering Strategic Ch...

Considering Strategic Choice - Operation Strategy (Strategic analysis will be covered in Strategy - Analysis and Evaluation).  The following points are an extract from Port

What does b stand for in the bcg matrix, Which of the following does B stan...

Which of the following does B stand for in the BCG Matrix? (a) Boom (b) Balance (c) Bankruptcy (d) Boston

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd