3 A B C D E F G H I J K L M N O P Q R S T U V W Y

Master Production Schedule

A Master Production Schedule (MPS) is a plan which defines which products must be produced in a given time period. The MPS generally operates an aggregate level (not too much detail), and aims to meet requirements at a minimum cost. To do this, it handles people costs for regular shifts and overtime, how these relate to production capacity, the possibility of using subcontractors, forecast demand, and inventory costs.