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.