small and effective ppt on master production schedule
- 1. Master production schedule presented by: Yash Bhardwaj MBA ,sec-c
- 2. What is master production schedule. • The master production schedule is a plan for future production of end items over a short – range planning horizon that usually spans from a few weeks to several months . The mps sets the quantity of each end item(finished product) to be produced in each time period (week/month or quarter) of the short-range planning horizon.
- 3. •The MPS gives the information about the quantities and timing of the planned production of a product. •Start with Aggregate plan (Aggregate Sales & Ops Plan)
- 4. Provides basis for: •Making good use of manufacturing resources •Making customer delivery promises •Resolving tradeoffs between sales and manufacturing •Attaining strategic objectives in the sales and operations plan
- 5. Master Production Scheduling Techniques • Available = inventory position at end of week • = starting inventory + MPS – forecast • Plan to have positive inventory level – Buffer in case production below plan – Or demand higher than anticipated
- 6. Master production schedule weak 1 weak 2 weak3 weak4 weak5 Demand forecast(in units) 300 200 100 500 800 customer order (committed) 350 100 50 300 400 initial inventory in period weak=0 500 net inventory before mps 150 -50 850 350 -450 master production schedule(mps) 1000 1000 projected on hand inventory 150 950 850 350 550
- 7. THANK YOU
Editor's Notes
- #7: The rule of thumb is that whenever the net inventory before the MPS becomes negative a new lot of items is schedule for production in the MPS of that time period.