Question

A statement of a schedule of requirements for individual end items is called:_________
a. a production plan
b. a material requirements plan
c. a master production schedule
d. a capacity plan

Answer 1

The term "master production schedule" refers to a declaration of a schedule of needs for distinct end products.

A master production schedule (MPS) is a plan for how specific commodities, such production, staffing, inventory, etc., will be generated during each time period. Typically, it has to do with production, where the plan specifies when and how much of each product will be needed. In order to improve production, spot bottlenecks, and foresee needs and finished goods, this plan quantifies significant processes, parts, and other resources. A MPS's accuracy and viability have a significant impact on profitability because they control a lot of plant activities. The majority of MPSs are produced by software with user tinkering. Schedules do not always match up due to technical restrictions, but primarily because of the extensive work required of the "master production schedulers."

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