MPS (Master production schedule)

The Master Production Schedule (MPS) is an essential tool used in the procurement process to ensure the timely and cost-effective order, production, and delivery of materials and products. Through the implementation of a MPS, organizations can accurately plan for inventory, forecast demand, and anticipate supply chain needs. It’s also a great way to efficiently manage supply chain disruptions or unforeseen delays to guarantee that customers receive their desired products within a reasonable timeframe. The MPS provides companies with valuable insights into their procurement operations, allowing them to engage in informed decision making and realize cost savings.