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APICS Operations Management Body of Knowledge Framework, Third Edition

5.3 Master planning

Master planning refers to a group of business processes that includes demand management, sales and operations planning, and master production scheduling. In each level of master planning, demand is forecasted and methods are formulated to meet the demand, given capacity constraints. Master planning, along with capacity requirements planning and material requirements planning, together comprise an integrated system called manufacturing resource planning (MRP II). When further linked with financial, project management, and other common enterprise processes, they comprise the system called enterprise resources planning. (See section 5.1.)