master production schedule


Also found in: Acronyms.

master production schedule

a (usually) software-generated list that is divided into time periods (for example a day or a week) and which looks at all forecast and confirmed orders and compares this to the Bill of Materials for each item together with present inventory levels. The schedule produces a list of items that need to be made from final components, through sub-assemblies and orders material for inventory as required. See PRODUCT SPECIFICATION, PRODUCTION SCHEDULING.
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Additionally, the import of Master Production Schedules to individual machine Job Queue facilitates dynamic production scheduling and real-time Job completion tracking.
However, this safety stock may inflate the master production schedule by overstating requirements for all resources and result in high inventory carrying cost.
The use case diagram for setting the master production schedule is depicted in Figure 1.
Most of the ERP vendors we surveyed use some form of MRP to generate and execute the Master Production Schedule.
Given that the master production schedule drives every requirement for every factory and every supplier at every lower level, it is far too important to be constructed in a vacuum.
As seen in Table 1, the master production schedule is a short-term plan typically used to plan for 3 to 12 months in the future.
Material requirements planning integrates the material-planning process, "exploding" the master production schedule through the bill of materials to create component requirements at each level.
At the planning level, the schedule activities include corporate strategic plan, business plan, aggregate production plan, master production schedule and material requirements plan.
A Master Production Schedule (MPS) provides tight connections at a more detailed level.
This powerful module uses the bill of material data, inventory data and the master production schedule to calculate requirements for materials or make recommendations to reorder materials.
For example, if there is an unrealistic master production schedule, or inaccurate bills of material, or poor inventory data, a company could be trapped into pulling the wrong parts or stopping production for lack of the right parts.
With the ability to seamlessly integrate with other components of the Clinicopia Suite, this system uses the information from a bill of material, inventory data and the master production schedule to make build v/s buy decisions and create suggested purchase orders as well as manufacturing and packaging orders.

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