Master Production Schedule Definition
A master production schedule (MPS) is a detailed plan that outlines the overall production strategy for a company. It includes information on the specific products and quantities that need to be produced, as well as when and where these products will be made.
The MPS is an important tool for businesses because it helps to ensure that all products are made on time and in the correct quantities. This can help to avoid shortages or overages, which can lead to lost sales or unhappy customers.
Creating an MPS can be a complex task, as it requires careful planning and coordination between various departments within a company. However, having an MPS in place can help to optimize production and make sure that all products are delivered on time and meet customer demands.
