PHYSICS 102 Lecture Notes - Lecture 5: Material Requirements Planning, Master Production Schedule, Operations Plan
Document Summary
Chapter 12: managing production across the supply chain. While the focus here is on physical goods, bear in mind that many service firms also depend on the information generated by these efforts. For instance, distributors and transportation carries all use information generated by manufacturers to plan their own activities. *planning and control= a set of tactical and execution-level business activities that includes master scheduling, material requirements planning, and some form of production activity control and vendor order management. Planning and control begins where sales and operations planning (s&op) ends. The first step in planning and control is master scheduling, in which the overall resource levels established by s&op begin to be fleshed out with specifics. The master schedule states exactly when and in what quantities specific products will be made. It also links production with specific customer orders, allowing the firm to tell the customer exactly when an order will be filled.
