MPS works on a forecasted model which can be based on historical data as well as market research. The MPS tool then combines this information with inventory levels, customer expectation and factory capacities in order to create a master plan for production which meets all these criteria. This plan can then be used to guide manufacturing operations towards meeting customer expectations without any delays or overproduction risking surplus stocks. The importance of MPS lies in its ability to provide visibility into both current and future needs so that manufacturers are able to better anticipate fluctuations in demand due seasonality or unexpected events such as new competitors entering the market place. As it takes into account factors such as lead times when creating a feasible schedule, it ensures that there will not be any delays either due inadequate scheduling or lack of production capacity thereby allowing firms meet deadlines while still supplying products of high quality and quantity at competitive prices. Overall, MPS is an invaluable tool for businesses looking to increase efficiency while making sure they can stay ahead competition terms providing excellent services customers alike . By taking multiple parameters account at same time , provides detailed view full picture thus ensuring decisions made efficient manner way least possible strain exerted upon internal resource budget constraints faced during operation maintenance processes undergoing organization