Embodiments of a method of optimally scheduling, in near real-time, workunits for processing on processing stations in a processing system, while accounting for constraints such as processing station qualifications by workunit type and service type, and to meet certain business objectives such as cycle time and demand targets, are described. A method of scheduling the processing of workunits in a processing system comprises defining a plurality of workunits, aggregating the work units by workunit type and service to be performed on each workunit to define one or more workunit type-service type groupings. The method further allocates capacity of one or more processing stations to workunit type-service type groupings, assigns workunits of the plurality of workunits to meet the allocated capacity, and sequences the workunit type-service type groupings and workunits on each processing station of the one or more processing stations. Other embodiments are described and claimed.