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

Explain what is the average setup cot per year, Radovilsky Manufacturing Co...

Radovilsky Manufacturing Company, in Hayward. California. Makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders fo about 12,

Explain bp''s first problem, Describe BP'S first problem, which involved th...

Describe BP'S first problem, which involved the firms IT function. Discuss BP'S solution to this problem.

Define why a shortened or shrinking business cycle, Another factor of chang...

Another factor of change is a shortened business cycle We are forced to bring products to market faster, to make faster return on investments, and to develop new products more quic

Describe why operational efficiency is so important, Explain why operationa...

Explain why operational efficiency is so important to Net Income, Return on Capital and Income.

Explain does a valid contract exist between two persons, You are currently ...

You are currently an intern working for the largest law firm in Alabama. Your mentor and senior attorney introduces you to a new client, Dick Jefferson, the owner of House Doctor,

Explain your role as an employee of an organization, Describe your role as ...

Describe your role as an employee of an organization in the IS field. Give examples of what you need to know about information systems and how it can help with your job performance

Describe the advantages of work study, Describe the advantages of work stud...

Describe the advantages of work study. The following are the advantages: (i) Uniform and enhanced production flow, (ii) Higher productive efficiency, (iii) Decreased

Explain and identify the product subject to recall, The paper must be four ...

The paper must be four to five pages, excluding the title page and references page Address all of the following parts of this assignment 1. Visit the Consumer Product Safety

MB 0044 - Production and Operation Management, What do you understand by “l...

What do you understand by “line balancing”? What happens if balance doesn’t exist?

Qualitative and quantitative justification, 1.  Maggie Company produces a l...

1.  Maggie Company produces a light fixture with the following unit costs:   Direct Materials: $2 Direct Labour: $2 Variable Cost: $3 Fixed Cost: $2 UNIT TOTAL COST: $9   The

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