Master Production Schedule (MPS) : A Master Production Schedule is a Schedule of the completions of the end items and these completions are very much planned in nature. Master production schedule acts as a very distinct and important linkage between the planning processes. With the help of this schedule‚ one can know the requirements for the individual end items by date and quantity. In companies‚ MPS are generally produced in order to know the number of each product that is to be made over some
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Master Production Plan A Master Production Schedule (MPS) is a plan for individual commodities to produce in each time period such as production‚ staffing‚ inventory‚ etc. It is usually linked to manufacturing where the plan indicates when and how much of each product will be demanded. The plan quantifies significant process parts and other resources in order to optimize production‚ to identify bottlenecks‚ and to anticipate needs and completed goods. Since MPS drive much factory activity‚ its
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operations and units can be assumed that are received incrementally during production. We also have the following assumptions: - Only one item is involved because each type of toy has its own assembly line‚ only one toy can be assembled at a time on this line. - Annual Demand is known - Usage rate is constant - Usage occurs continually but production occurs periodically - The production rate is constant ( i.e. production rate of Toy Auto is 3500‚ Toy Truck‚ 1750; Toy Robot‚ 2333) - There
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The JIT system works with flow shop‚ which uses specialized resources; in this case‚ the work follows a fixed path. While the MRP system uses job shop‚ which uses general purpose resources‚ it is highly flexible. Between the MRP there are two kinds of differences‚ the usage and design differences. The MRP design profile points out that it has high production flexibility‚ there is a high degree of order tracking. This system needs high data accuracy and lots of computer use. As well there is high
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of a human is full of many tasks. He has to achieve all tasks on time. Since childhood‚ we are said to be on time otherwise teacher punishes us. When we enter in professional life‚ we are again said to be punctual this time life punishes us. Time schedule basically a plan for performing work or achieving an objective in allotted time. Most of people either professional or student face troubles to accomplish the work or project‚ If we all plan before start the work it will easier to achieve. Sometime
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PLANNING (MRP) Kruger & Ramphal (2009: 232) defines Material requirements planning (MRP) as “a computer-based information system used to schedule and order dependent-demand inventories.” Independent demand is demand for final products whereas dependent demand is demand for items that are subassemblies or component parts to be used in production of finished goods. In simpler terms‚ MRP is a production planning process that begins with the demand for finished products‚ and then plans the production step
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where they should happen‚ who should be doing them‚ how much capacity will be needed and so on. This is what enterprise resource planning (ERP) does (see Figure 14.1). It grew out of a set of calculations known as material requirements planning (MRP)‚ which is also described in this chapter. Topic covered in this chapter Supply chain planning and control The market requires... specified time‚ quantity and quality of products and services The operation supplies... the informational ability
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MBS 641 Project Management Assignment 1 The Importance of Schedule Controlling MIRANDA ARNIKA BUNARTO 312 11 535 Lecturer & Tutor Mr. Frank Krause Dr. Lim Yew Ban CONTENT 1 Introduction 1 2 Managing Project Time 1 2.1 Control Changes 2 2.2 Observe Performance 3 2.3 Follow Up‚ Follow Up‚ and Follow Up 3 2.4 Develop and Implement a Reporting Strategy 4 3 How Do Scheduling Control Play an Important Role During Project Development 5 1
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categories of stock that will require different management and controls. The ABC analysis suggests that inventories of an organization are not of equal value. Thus‚ the inventory is grouped into three categories (A‚ B‚ and C) in order of their estimated importance. ’A’ items are very important for an organization. Because of the high value of these ’A’ items‚ frequent value analysis is required. In addition to that‚ an organization needs to choose an appropriate order pattern (e.g. ‘Just- in- time’) to avoid
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REQUIREMENT PLANNING Introduction * MRP is a simple system of calculating arithmetically the requirements of the input materials at different points of time based on actual production plan. * MRP can also be defined as a planning and scheduling system to meet time-phased materials requirements for production operations. MRP Objectives * Reduction in Inventory Cost: By providing the right quantity of material at right time to meet master production schedule‚ MRP tries to avoid the cost of excessive
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