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MPS in MRP lead time in order point system

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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