Write down the functions of master production schedule
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The four fundamentals of Master Scheduling are demand, supply, volume and mix. The primary function of a Master Scheduler is to balance demand and supply at the aggregate volume level with that at the detail mix level. Demand is commonly expressed as customer orders, sales forecasts, interplant transfers, DC transfers and so on. Demand is categorized into two groups referred to as dependent demand and independent demand. Supply is commonly expressed as the resources used to fulfill demand like materials, manpower, machinery, capacity, storage space, time, money and so on. Supply is categorized into three main groups identified as inventory, capacity and lead-time.
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A master production schedule (MPS) is a program for specific products to be generated during each time interval such as composition, staffing, register, etc. It is ordinarily associated with the construction where the plan designates when and how much of each commodity will be necessitated.
Other functions are Evaluating Alternative Schedules where the instructor program provides analysis and oversight programs that give composition alternative courses to follow. This estimates for any unforeseen accidents within a generation to be taken care off immediately.
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