ENTREPRENEURIAL OPERATIONS
PRODUCTION PLANNING AND CONTROL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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MPS
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MRP
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Either A or B
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None of the above
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Detailed explanation-1: -In short, an MRP, or Materials Requirements Planning, is used to determine how many materials to order for a particular item, while an MPS, or Master Production Schedule, is used to determine when the materials will be used to produce an item.
Detailed explanation-2: -What Is the Relationship Between MPS and MRP? The master production schedule is the main driver of the material requirements plan. Along with the BOM, MPS can determine what components are needed from manufacturing and what components need to be purchased. The MPS is a priority plan for manufacturing.
Detailed explanation-3: -MPS meets direct or independent demand. MPS is tied directly to service and sales orders or forecasting. MRP, which meets dependent demand, is based on requirements to produce a product.