A Master Production Schedule is a plan that outlines which individual product should be produced in each time period such as production, material movements, and stock inventory etc. This type of plan is typically linked to manufacturing because it helps to indicate when and how much of each product is needed.
The real time sharing of the production flows information between the departments. A Master Production Schedule increases your material requirement predictability by establishing a consistent production schedule that considers both forecast and customer orders. It helps your company to avoid last minute scheduling and shortage, efficient allocation of company resources, easily recalculates the reschedule if change is needed in demand.