APICS is the leading professional association for supply chain and operations management.

APICS Operations Management Body of Knowledge Framework, Third Edition

6.4 Master production schedule (MPS) and final assembly schedule (FAS)

The MPS is a line on the master schedule grid reflecting the anticipated build schedule of those items assigned to it. It represents the items the company plans to produce expressed in specific configurations, quantities, and dates. The FAS is used to drive the staging of components and parts to feed an assembly line, where each item has unique options specific to individual customer orders. (See section 5.5.7.)