master production schedule is a schedule which is developed by an organization to carry out activities related to manufacture, inventory, purchase and sales. It formulates a plan wherein it sets the number of items to be processed in a given time frame. This schedule translates business plan or future product demands into an elaborate production plan for any type of product or material using a series of systematic and well defined set of operations. This schedule documents the expectations of an organization in respect to production and purchase
While making master production schedule,we need to provide some information beforehand. This information includes
Quantity of products to be sold in future
Levels if Inventory, Information related to how much stock should be kept in the warehouse, for how much time period a product can be kept in the warehouse etc
Production and Inventory costs
Working hours and capacity of the manufacturers
Based on the above information, a comprehensive and detailed production schedule is developed which identifies the time and quantity of products that would be required in future
With the help of these schedule important methods, parts and resources are quantified to optimize manufacturing process, identify problem areas in the process and to carry out estimation of the future requirements of products. This enhances the performance of entire production system drastically and thus leads to increased revenue generation and profit
Enterprise resource planning is implemented in an organization in various stages. These stages are collectively termed as erp implementation life cycle. Let us look at these stages
Selection of a package from different available packages
In this stage, an organization analyzes the features of various ERP packages. Out of the various packages it chooses the appropriate ERP package to meet the future goals of an organization
Analyzing the features of chosen package
In this phase the selected ERP package is analyzed and evaluated against needs across various departments of an organisation
Need based analysis
This phase identifies the functionality needed for the efficient working of business processes of an organization. These business processes includes production, finance and accounting, human resource, sales and back office systems
Development of a Project Plan
After thorough need based analysis, a project plan is developed. This plan helps in construction of appropriate project design, involves identification of essential elements to be required, and does proper arrangements to handle bottlenecks situations
Allocation of new tasks and assignment of new responsibilities
Effective implementation of erp involves alignment and integration of current methods and business processes with ERP procedures. In this way new roles and functions are assigned to the employees
Imparting ERP training to concerned members
Proper training with hands on experience of ERP procedures is provided to members of organization to gain confidence and performing tasks efficiently
Testing of ERP tools
After proper implementation and training, ERP tools are tested and any problems arising during testing is solved