Master Production Schedule (MPS)
It is used specifically for critical materials usually high valued products where
you do not want changes in your production plan within planning time fence in next
MPS run, and production plan gets firmed automatically as soon as it comes within
planning time fence unlike MRP run.
A separate run occurs for the MPS items; they are not included in the MRP run.
Basically, it ensures the availability of the critical resources, which should not
hamper the production by maintaining the stock.
Planning time fence (number of days starting from current date) is useful in case
of MPS scenario where one can save the procurement proposals (planned orders) from
undergoing any change since the last MRP run.
No automatic changes happen to the procurement proposals once they enter in the
planning time fence (PTF is maintained in material master). So, all planned orders
in planning time fence get automatically firmed by the system.
MRP type " P0" to "P3" in material master should be maintained to run MPS for
materials.