Master Production Scheduling (MPS) is a crucial element of the production planning process for manufacturing companies. It involves creating a detailed plan for the production of finished goods, based on forecasted demand and available resources. MPS outlines the quantity and timing of production runs for each product, taking into account factors such as capacity constraints, inventory levels, and customer demand. This plan is typically created on a weekly or monthly basis and serves as a guide for production activities throughout the planning horizon. The ultimate goal of MPS is to balance customer requirements with production capabilities in order to meet demand while minimizing inventory costs and maintaining high levels of customer satisfaction.