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Consider the following statements:
1. Preparation of master production schedule is an iterative process
2. Schedule charts are made with respect to jobs while load charts are made with respect to machines
3. MRP is done before master production scheduling
Which of the statements given above are correct? 
  • a)
    1, 2 and 3  
  • b)
    1 and 2  
  • c)
    2 and 3  
  • d)
    1 and 3 
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Consider the following statements:1. Preparation of master production ...
-A master production schedule is a plan for individual commodities to be produced in each time period such as production, staffing, inventory, etc. It is usually linked to manufacturing where the plan indicates when and how much of each product will be demanded. 
-Scheduling is the process of arranging, controlling and optimizing work and workloads in a production process or manufacturing process. Scheduling is used to allocate plant and machinery resources, plan human resources, plan production processes and purchase materials.

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Most Upvoted Answer
Consider the following statements:1. Preparation of master production ...
Preparation of master production schedule is an iterative process:
The statement is correct. The preparation of a master production schedule (MPS) involves determining the quantity and timing of products to be manufactured. It is a planning tool that helps in managing production, inventory, and customer demand. The process of creating an MPS is iterative because it requires constant monitoring and adjustment based on changing customer demands, production capacity, and available resources. The MPS is typically updated periodically, considering factors such as sales forecasts, production capacity, and inventory levels.

Schedule charts are made with respect to jobs while load charts are made with respect to machines:
The statement is correct. Schedule charts are used to plan and track the progress of jobs or tasks in a production environment. They provide information about the start and end times of each job, as well as the sequence in which they need to be executed. These charts help in coordinating the activities of different departments or workstations involved in the production process.

On the other hand, load charts are used to determine the utilization of machines or equipment in a manufacturing facility. They provide information about the amount of work assigned to each machine and the corresponding capacity utilization. Load charts help in balancing the workload across different machines and ensure that they are not underutilized or overloaded.

MRP is done before master production scheduling:
The statement is incorrect. Material Requirements Planning (MRP) is a system used for managing the inventory and production of materials required for manufacturing products. It helps in determining the quantity and timing of materials needed based on the production schedule and customer demand. MRP takes into account factors such as lead times, order quantities, and inventory levels to ensure that materials are available when needed.

Master Production Scheduling (MPS), on the other hand, is a process that involves planning the production of finished goods based on the demand forecast, available capacity, and inventory levels. MPS takes into consideration the production schedule, sales forecasts, and other factors to determine the quantity and timing of finished goods that need to be manufactured. MRP is typically performed after the MPS to determine the material requirements for the planned production schedule.

Therefore, the correct statements are 1 and 2.
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Consider the following statements:1. Preparation of master production schedule is an iterative process2. Schedule charts are made with respect to jobs while load charts are made with respect to machines3. MRP is done before master production schedulingWhich of the statements given above are correct?a)1, 2 and 3 b)1 and 2 c)2 and 3 d)1 and 3Correct answer is option 'B'. Can you explain this answer?
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