The master production schedule drives the material requirements planning. The master production schedule encompasses customer orders as well as the forecasted demand of final product. The master production schedule reflects the final product part number, quantity, and the time period.
A Master Production Schedule or MPS is the plan that a company has developed for production, inventory, staffing, etc. It sets the quantity of each end item to be completed in each week of a short-range planning horizon.
The Master Production Schedule gives production, planning, purchasing, and top management the information needed to plan and control the manufacturing operation. The application ties overall business planning and forecasting to detail operations through the Master Production Schedule. The Master Production Schedule will drive detailed material and production requirements in the Material Requirements Planning module.