A forecasting system that brings the manufacturer and its customers together to provide input for forecasting is a(n):
A) nested system.
B) harmonically balanced supply chain.
C) iterative Delphi method system for the supply chain.
D) collaborative planning, forecasting, and replenishment system.

Question

Quizplus · Accepted Answer

Collaborative planning, forecasting, and replenishment system (CPFR) involves the manufacturer and its customers working together to develop accurate forecasts. This process improves supply chain efficiency, reduces waste and inventory costs, and strengthens the partnership between the manufacturer and its customers. The other options, nested system and harmonically balanced supply chain, are not specific forecasting systems, and the iterative Delphi method system is not necessarily collaborative.

A Forecasting System That Brings the Manufacturer and Its Customers