Question

Master Production Scheduling is a process that brings all the demand and supply plans for the business (sales, marketing, development, production, sourcing, and finance) together to provide management with the ability to strategically direct the business to achieve a competitive advantage.True / False.

Answer 1

The Given statement " Master Production Scheduling is a process that brings all the demand and supply plans for the business (sales, marketing, development, production, sourcing, and finance) together to provide management with the ability to strategically direct the business to achieve a competitive advantage " is FALSE

Explanation:

A master production schedule consists of a timetable for the processing of specific goods, such as demand, staff, inventory, etc. Generally it's correlated with production, where the schedule specifies when each commodity is being ordered and how much.

It contains a broad range of data like the demand outlook, the cost of manufacturing, inventory costs, etc., as well as a production schedule for each of the cycles, specifying quantities to be produced, staffing levels etc.

This production plan:

• Works in an aggregate level (this is generally not very specific on the sections that need to be included, etc. – hence the term aggregate scheme); and
• Cost oriented, which is attempts at minimal costs to meet the specified specifications.