Log out Go to App
Go to App

Learning Materials

Features

Discover

Chapter 4: Q3PE. (page 585)

This drives the MRP calculations and is a detailed plan for how we expect to meet demand.

Short Answer

Expert verified

Master Production Schedule (MPS).

Step by step solution

01

MPS

MPShelps in meeting the demand in a certain time frame with the factors including the quantity of production, resources, etc.

02

MPS process drives requirements in the MRP process

MRPhelps to focus completely on the goals and keeps everyone on the same page. Whereas, talking about the MPSthe first highlight that comes to mind is the common goal which creates the willingness to work toward the desired goals.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Start your free trial

Over 30 million students worldwide already upgrade their learning with Vaia!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

What term refers to the sharing of information with partners to coordinate production, enabling everyone to work together to increase visibility and responsiveness?

Contrast the significance of the term lead time in the traditional EOQ context and an MRP system.

Under what type of demand is yield management most effective?

Ordering exactly what is needed each period without regard to economic considerations.

What would you suggest to improve the forecast described in question 10?
See all solutions

Recommended explanations on Business Studies Textbooks

Strategic Direction

Read Explanation

Operational Management

Read Explanation

Managerial Economics

Read Explanation

Influences On Business

Read Explanation

Strategic Analysis

Read Explanation

Change Management

Read Explanation
View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.

Sign-up for free