________________ is the latest effort to increase the effectiveness and efficiency of supply chains.

Question

Quizplus · Accepted Answer

Collaborative planning, forecasting, and replenishment (CPFR) is the latest effort to increase the effectiveness and efficiency of supply chains. CPFR is a collaborative business practice that helps businesses to jointly plan, forecast, and manage the flow of goods from retailers to manufacturers in a manner that will increase efficiency, reduce costs, and improve customer satisfaction. Through CPFR, businesses can gain greater visibility into their supply chains, reduce lead times, and improve product availability. Additionally, the use of CPFR can help firms to reduce inventory costs, minimize stock-outs, and improve customer service.

________________ Is the Latest Effort to Increase the Effectiveness and Efficiency