With __________,suppliers and retailers collaborate in planning and demand forecasting in order to ensure that members of the supply chain will have the right amount of raw materials and finished goods when they need them.
A)CPFR systems
B)ERP systems
C)KM systems
D)SCM software

Question

Quizplus · Accepted Answer

Collaborative Planning, Forecasting, and Replenishment (CPFR) systems facilitate collaboration between suppliers and retailers to improve supply chain efficiency and ensure that inventory levels are optimized based on demand forecasts. This helps to prevent stockouts or overstocking, which can result in lost sales or increased carrying costs. ERP systems, KM systems, and SCM software may all be components of a supply chain management system, but they do not specifically focus on collaboration and demand forecasting between suppliers and retailers.

With __________,Suppliers and Retailers Collaborate in Planning and Demand Forecasting