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MPS in MRP lead time in order point system

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What is the importance of the master production schedule in an MRP system?

What is the importance of lead time in an order point system.

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What is the importance of the master production schedule in an MRP system?

MRP is a computerized information system developed specifically to help in managing inventory and scheduling replenishment orders.
An MRP system is intended to simultaneously meet three objectives:
? Ensure materials and products are available for production and delivery to customers.
? Maintain the lowest possible level of inventory
? Plan manufacturing activities, delivery schedules and purchasing activies.
The basic inputs of an MRP system are :
? Bill of materials(BOM)
? Master Production Schedule(MPS)
? Inventory records
? Planning data

Master Production Schedule:
? It details how many end items will be produced during a specified period of time.
? It merges the forecast and production capacity
? It can be called a production plan for all products.

MPS becomes a set of ...

Solution Summary

The importance of the master production schedule in an MRP system and the importance of lead time in an order point system.

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