Master Production Schedule

Question 1

What is MPS based on?

Answer 1

Aggregated plan

Question 2

What is aggregate planning?

Answer 2

An input to the MPS that combines individual end items into groups, or families of parts for planning processes

Question 3

MPS inputs

Answer 3

Demand forecast
Inventory levels
Customer orders
Production capacity
Inventory/production cost

Question 4

MPS outputs

Answer 4

Quantity to be produced
Staffing needs
ATP or available to promise
Projected available balance

Question 5

Available to promise

Answer 5

This is inventory that has not been sold, and can be promise to customers if an order is placed

Question 6

Projected available balance

Answer 6

Inventory levels after the production.

Question 7

Bill of materials BOM

Answer 7

Call product recipe how much of each material or part goes into making the finished product necessary for MRP/ERP

Question 8

Time fences

Answer 8

Boundaries between periods in the planning horizon

Question 9

Planning horizon

Answer 9

Is the length of time a company uses as the basis of developing a plan forecast or schedule

Question 10

Medium range planning

Answer 10

Horizon is 6 to 18 months

Question 11

Lead time

Answer 11

The time between the initiation and completion of a production process

Question 12

Time bucket

Answer 12

A period of time usually one week in which demand and requirements are grouped for master scheduling and material requirements planning