Master Planning Flashcards
An inventory balance projected into the future.
PAB (PROJECTED AVAILABLE BALANCE)
The overall level of manufacturing output planned to be produced, usually stated as a monthly rate for each product family.
PRODUCTION PLAN
The uncommitted portion of a company’s inventory and planned production maintained in the master schedule to support customer order promising.
ATP (AVAILABLE-TO-PROMISE)
A line on the master schedule grid that reflects the anticipated build schedule for those items assigned to the Master Scheduler.
MPS (MASTER PRODUCTION SCHEDULE)
A production planning method where a level production strategy is pursued at the minimum level of demand and all additional demand is satisfied by sending production work outside to another manufacturer.
SUBCONTRACTING
A production planning method that combines the aspects of both the chase and level production planning methods.
HYBRID STRATEGY
A production planning method that maintains a stable inventory level while varying production to meet demand.
CHASE STRATEGY
The relative importance of jobs; the sequence in which jobs should be worked on.
PRIORITY
A production planning method that maintains a stable production rate while varying inventory levels to meet demand.
LEVEL PRODUCTION STRATEGY
A listing of the required capacity and key resources needed to manufacture one unit of a selected item or family.
BILL OF RESOURCES
A format that includes time periods, the forecast, customer orders, projected available balance, available to promise, and the master production schedule.
MASTER SCHEDULE
The capability of a system to perform its expected function–the capability of a worker, machine, work center, plant, or organization to produce output per period of time.
CAPACITY
The time between the demand time fence and the due date where only emergency changes should be made and only if authorized by senior management.
FROZEN PERIOD OR FROZEN ZONE
The time between the planning time fence and the demand time fence where materials have been ordered and capacities established. Changes must be negotiated between Marketing and Manufacturing.
SLUSHY ZONE
A point in time inside which the forecast is no longer included in total demand and projected available balance calculations; inside this point, only customer orders are considered.
DEMAND TIME FENCE
