1 / 4

Use of Master Production Schedule:

Use of Master Production Schedule:. Master Production Schedule or MPS is the plan that a company has developed for production, inventory , staffing, etc . MPS Inputs would be forecast demand, inventory cost, customer order and inventory level.

bayle
Download Presentation

Use of Master Production Schedule:

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Use of Master Production Schedule: • Master Production Schedule or MPS is the plan that a company has developed for production, inventory , staffing, etc. • MPS Inputs would be forecast demand, inventory cost, customer order and inventory level. • MPS outputs projected available balance, quantity available to promise and amount to order

  2. Use of Master Production Schedule: Wal-Mart • They use a system which is called a Perpetual inventory • This is a keeping book inventory continuously in agreement with stock on hand within specified time periods. • Wal-Mart is doing this process on a computer. • Sometimes also called continuous inventory

  3. Use of Material Requirement Planning: Wal-Mart • By having a system in play like Perpetual Inventory • They are able to keep items instock. • When a item reaches a certain number from the register, it place an order for that product. • Product is also dictated by the main company

  4. Use of Material Requirement Planning: Wal-Mart • Benefits would reduce shortages ( until bad weather came, which make customer come out to get more), Improves customer service by always keeping product on the shelf, reduces freight cost, reduces over time and reduces product cost and purchasing.

More Related