What does the acronym CPFR represent?
A)Coordinated planning and forecasting relationships
B)Collaborative planning,forecasting,and replenishment
C)Centralized purchasing and forecasting relationships
D)Collaborative purchasing,forecasting,and receivables

Question

Quizplus · Accepted Answer

CPFR stands for "Collaborative planning, forecasting, and replenishment." This acronym represents a supply chain management strategy that involves the sharing of real-time data and information between suppliers and their customers. This collaboration allows for more accurate forecasting, better planning, and more efficient replenishment of inventory levels. Choices A, C, and D are incorrect as they do not accurately represent what CPFR stands for.

What Does the Acronym CPFR Represent