supply chain Session 8/9: Issues in Scheduling and Coordination

These flashcards cover key concepts and terminology related to master scheduling, material requirements planning, and production management from the lecture notes.

Master Scheduling

A detailed planning process that tracks production output and matches this output to actual customer orders.

Material Requirements Planning (MRP)

A planning process that translates the master production schedule into planned orders for the actual parts and components needed.

Vendor Order Management

The process of managing orders from suppliers to ensure timely delivery of materials and components.

Available to Promise (ATP)

A field in the master schedule record indicating the number of units available for sale each week, after accounting for booked orders.

Projected Ending Inventory

The best estimate of what inventory levels will look like at the end of each planning period based on current information.

Independent Demand

Typically for finished goods; products made up of purchased or produced components and materials.

Dependent Demand

Typically for raw materials and work-in-progress; materials used to create independent demand items.

Bill Of Materials (BOM)

The 'recipe' for an independent demand item; a list of all the dependent demand items used to create a finished product.

Planning Horizon

The amount of time the master schedule record or MRP record extends into the future.

Backward Scheduling

A method where MRP calculates when dependent demand items must be ordered to ensure completion of independent demand items.