Master Production Schedule (MPS)
A Master Production Schedule (MPS) is a plan for individual products to be manufactured in each individual time period.
A MPS is a critical tool in the production planning process for a company that makes standard products via a Make-to-Stock production mode.
The goal of the Master Production Schedule (MPS) is to balance supply and demand by period, where your production is the ‘supply’, and the forecast or confirmed sales is the ‘demand’.
The plan indicates by period, by the extent to which the product will be demanded in terms of quantity, what the starting and ending inventory positions are, and the planned quantities to be produced.
Feel free to download this free MPS in Excel. It is ready to print and full adjustable
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