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An input to the master production schedule (MPS) includes forecasts of customer demand, which help determine the quantity and timing of products needed. Additionally, current inventory levels and production capacities play a crucial role in shaping the MPS. Other factors may include lead times for materials and components, as well as any planned promotions or seasonal fluctuations in demand. This comprehensive information ensures that production aligns with both market needs and operational capabilities.
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Discuss the importance of the master production schedule in an MRP system?
The master production schedule “drives” the system. It states the planned due dates for end items. Material requirements planning computer runs, however, involve an iterative process. The master production schedule “proposes” or “hypothesizes” a tentative schedule. After the MRP run with this schedule, the shop scheduler examines the MRP plan for impractical loads on the productive system—either by stating excessive demands on personnel or equipment, or in excessive idle time. Then the master production schedule is revised and the program is run again.
What is a Master Production Schedule?
Master Production Schedule or MPS is the production plan company establishes for specific fiscal year for producing goods as well as for inventory, staffing etc to meet the required sales demand for specific period.
What is the main purpose of master production schedule?
matching output to customer demand
Is the master production schedule is developed drectly from the capacity requirements planning?
true
What is the budget or schedule that provides necessary input data for the direct labor budget?
production budget
What was the Production Budget for The Master?
The Production Budget for The Master was $37,500,000.
MRP is more than an inventory system.What additional capabilities does MRP possess?
Materials resource planning (MRP) is a system that uses bill-of-material, current inventory levels, expected receipts of inventory, and a master production schedule to determine material requirements. When MRP is used correctly a manufacturing company will have the right inventory on hand at the correct time to ensure the master production schedule will be fulfilled.
What is the relationship between aggregate planning and master production schedule?
The aggregate plan balances the Plant's capacity with demand and the MPS translates this plan into numbers of specific products in time frames.
Transformation of input into output is performed by?
Production department is transform input into output.
How do you calculate production yields?
Total yield in a unit in a unit input. Graphically the production yield can be plotted against the unit input to determine the production yield at any point.
How do you get the master schedule from marauder on epic duel?
plz tell me the answer
What is a input economy?
An economy that speciallizes in the production of inputs
