What is your understanding about the Master Production Schedule (MPS)?
Master Production Schedule or MSP can be defined as a plan laid out by a company for the production, staffing, inventory, etc., for individual final articles. In this scheduling, the company plans which product and its related quantities get produced during a period. Usually, this period spans between 3-18 months. The data used as an input in the Master Production Schedule include forecast demand, production costs, inventory cost, etc.
