What is master planning in supply chain?

Master planning in supply chain refers to the process of developing a comprehensive and long-term strategy for managing the flow of materials, goods, and information within a company's supply chain. It involves forecasting demands, determining production and inventory levels, and optimizing distribution networks to ensure maximum efficiency and profitability. Master planning takes into account various factors such as customer demand, production capacity, lead times, and supplier capabilities to create a roadmap for the entire supply chain. It helps in synchronizing all the activities and resources in the supply chain to meet the customer's requirements while minimizing costs and improving overall performance. Ultimately, master planning allows companies to align their supply chain decisions with their business goals and objectives for better strategic decision-making.

This mind map was published on 16 November 2023 and has been viewed 48 times.