Materials requirement planning-master production schedule

Assignment Help Operation Management

Reference no: EM132290317

Please give a brief opinion by replying to the discussion below, it's about the relationship between MPS and MRP:

MRP V.S. MPS, Materials Requirement Planning V.S. a Master Production Schedule. It seems like they are on in the same from the outside looking in, while there are some differences in the two they actually play off each other to help create successful product lines for companies.

A MPS, Master Production Schedule, is exactly what it sounds like. It is the schedule for production, lets say a company makes and sells five different products, and that’s it. How do they know when and how much to make of each part? That is where the MPS come in to play, it is a schedule of what to build, when to build and how much. The MPS is based off and developed from forecasts customer order for items, safety stock and internal orders. The MRP is used to ensure the availability of products, components and the materials needed for planned production. All while maintaining the lowest possible inventory levels. And without the MPS, the MRP really has no direction on what to purchase or stock for production.

Reference no: EM132290317

Questions Cloud

Podcast in the opening paragraph : In this module/week's forum, you must read one of the articles above or listen to one of the podcasts and provide a summary of the article or podcast

Primary concern of game theory in economics : 1. Define a dominant strategy? 2. What is the primary concern of Game theory in economics?

How many bats should all star produce in production batch : All-Star bats sells aluminum bats to colleges. How many bats should All Star produce in each production batch?

Average propensity of consumption in the long-run : The average propensity of consumption in the long-run is considered to be stable under the Life Cycle Hypothesis (LHC) and Permanent Income Hypothesis (PIH).

Materials requirement planning-master production schedule : MRP V.S. MPS, Materials Requirement Planning V.S. a Master Production Schedule.

Calculating the value of the marginal product of each worker : Each unit of output sells for $5. Complete the fourth column of the preceding table by calculating the value of the marginal product of each worker

Comptroller at the city local government : Utilized District City of Mount Vernon New York as a reference point, to identify the City Council, Mayor, and Comptroller at the City" local government".

Array of n positive integers : You are given an array of N positive integers, A1, A2 ,..., AN. Find sum of f(Ai, Aj) for all pairs (i, j) such that 1 = i, j = N. Return the answer modulo 109+

Does nike establish code of ethics : What ethical issues has Nike, Co. developed and what was the resolution to this issue? Does Nike establish a Code of Ethics?

User Account

All Pages