PHYSICS 102 Lecture Notes - Lecture 29: Material Requirements Planning, Master Production Schedule, Apics
Document Summary
Managing production across the supply chain planning and control = a set of tactical and execution-level business activities that includes. Begins where s&op ends master scheduling, material requirements planning, and some form of production activity control vendor order management. = a detailed planning process that tracks production output and matches this output to actual customer orders. In reality, the demand and production numbers in the master schedule are unlikely to match the sales and operations plan exactly and the actual capacity requirements might not match the planning values. In such cases, firms may need to dip into their safety stock, schedule overtime, or take other measures to make up the difference between the plan and reality. As long as the numbers in the sales and operations plan are close to those in the master schedule, firms will be able to manage the differences.
