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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.
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Item Cost - $7.00 Order Cost - $283.00 Annual Hold - 32% of item cost Annual Demand - 22,100 Average Demand - 442 per week Standard deviation of weekly demand 20 per week lead time
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