Master scheduling follows aggregate planning. It expresses the overall plans in terms of specific end items or models that can be assigned priorities. It is useful to plan for the material and capacity requirements.
Flowchart of aggregate plan and master production schedule is shown in the following figure. Time interval used in master scheduling depends upon the type, volume, and component lead times of the products being produced. Normally weekly time intervals are used. The time horizon covered by the master schedule also depends upon product characteristics and lead times. Some master schedules cover a period as short as few weeks and for some products it is more than a year.
Functions of MPS
Master Production Schedule (MPS) gives a formal detail of the production plan and converts this plan into specific material and capacity requirements. The requirements with respect to labor, material and equipment are then assessed. The main functions of MPS are:
Flowchart of aggregate plan and master schedule
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