Master Production Scheduling enables the automation of the process that spans from budget forecasts to production plan. It consists of two phases.

Forecasting Operations;

The objective of this application is to prepare quantitative forecasts for the sales budget by taking into account past data and fluctuations. Basing on past data, it applies statistical modeling methods for the period to be planned and calculates the estimated sales values of the coming period in terms of quantity / amount. Forecasts can be made by using several methods, also by using the reasonable combinations of several methods. The calculated forecasts can be displayed on graphs, hence studied to decide on the desired method.

Production Plan Balancing;

The objective of Production Plan Balancing is to level the production plan according to the customer orders, sales forecasts and inventory on-hand to prevent short/excess stock, monitor the committed quantities and consequently be able to state the delivery date upon receipt of an order and enhance the capability to satisfy the orders. The forecasts are later used to prepare a balanced production plan. The production plan is prepared by considering the distribution of sales quantities among periods, inventory on-hand, the customer orders received for the relevant period, the minimum and maximum inventory values, lot sizes and rough capacity. Hence the current ATP (available - to- promise) values are found.