These models, which can account for a wide range of variables from production capacity to ingredient costs, help planners refine master production schedules across multiple manufacturing sites.
What does MPS stand for?
MPS stands for Master Production Schedule
This definition appears very frequently and is found in the following Acronym Finder categories:
- Military and Government
- Business, finance, etc.
See other definitions of MPS
We have 710 other meanings of MPS in our Acronym Attic
- Maritime Pre-positioned Ships
- Maritime Prepositioned Squadron
- Maritime Prepositioning Ship
- Marsiling Primary School (Singapore)
- Maryland Park Service
- Master in Political Science (Indira Gandhi National Open University; India)
- Master of Peace and Security (Germany)
- Master of Professional Studies (degree)
- Master of Public Service
- Master Process Sheet
- Master Program Schedule
- Master Propagation System
- Material Product System
- Material Pull System
- Material/Materiel Planning Study
- Materials Processing in Space (US NASA)
- Materials Procurement System
- Materie Prime Secondarie (Italian: Secondary Raw Materials)
- Mathematical & Physical Sciences (various organizations)
- Mathematical Programming Society
Samples in periodicals archive:
Interactive Production Planning: planners can now easily interact with a Master Production Schedule by changing and fixing production or delivery decisions and re-optimizing the plan ILOG's LogicTools suite of Supply Chain Applications capitalizes on ILOG's 20 years of leadership in optimization and LogicTools' supply chain customers, expertise and thought leadership.
Mr Sheedy said: 'Formflo now uses the meetings as a means to develop a master production schedule, so capacity requirements and future demand can be assessed.
The relationship between production capacity and a master production schedule is important; a master production schedule reflects what the company will produce.
Start by creating a product structure, develop a forecast of future demand, enter actual customer orders, and develop a master production schedule for each item.
Thus, master production schedules, inventories, and shipping information can be kept up to date with events on the plant floor, rather than being a shift or a day out of sync, as is commonly the case.
A master production schedule allows the manager to order efficiently.
Mid-sized manufacturing companies can use the solution to manage sales, inventory, material planning, master production schedules, and much more from a web-browser no matter where they are located.