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What is the difference of bills of material,Material requirement planning and master production scheduling?

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تاريخ النشر: 2016/01/05
Ranjith Radhakrishnan
من قبل Ranjith Radhakrishnan , General Accountant – Finance & Accounting , UPS

BOQ means the commodities which are used for making final product.The raw materials which are calculating for planning process its only overview on that basis we are making plans and schedules. The exact quantity will get only from BOQ.

Abdul raheem Mohamed Rifaadh
من قبل Abdul raheem Mohamed Rifaadh , Steel Division Manager Fabrication & Erection , HBKSF

The Bills of Materials describes the individual component quantity . Master Production schedule represents the assembled quantities

master production schedule (MPS) is a Plan for individual commodities to be produced in each time period such as production, staffing, inventory, etc.[1] It is usually linked to manufacturing where the plan indicates when and how much of each product will be demanded.This plan quantifies significant processes, parts, and other resources in order to optimize production, to identify bottlenecks, and to anticipate needs and completed goods. Since an MPS drives much factory activity, its accuracy and viability dramatically affect profitability. Typical MPS's are created by software with user tweaking.

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