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Master Planning

  • Jens Rohde
  • Michael Wagner

Abstract

The main purpose of Master Planning is to synchronize the flow of materials along the complete supply chain. It supports the mid-term decisions on effective utilization of production, transportation, supply capacities, seasonal stock (along the lines of Anthony (1965)) and balancing of supply and demand. As a result of this synchronization, production and distribution entities are able to reduce inventory levels. This reduction is mainly founded in the redundancy of buffers between entities to enable a durable flow of material, caused by decentral decision processes. Due to decreasing variance of production and distribution quantities by coordinated plans, safety stocks can be reduced.

Keywords

Supply Chain Planning Horizon Distribution Centre Penalty Cost Master Planning 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

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Copyright information

© Springer-Verlag Berlin Heidelberg 2000

Authors and Affiliations

  • Jens Rohde
    • 1
  • Michael Wagner
    • 2
  1. 1.Institute of Business Administration, Department of Operations and Materials ManagementDarmstadt University of TechnologyDarmstadtGermany
  2. 2.Department of Production and LogisticsUniversity of AugsburgAugsburgGermany

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