Efficient consumer response (ECR)and collaborative planning,forecasting,and replenishment (CPFR)are examples of lean inventory approaches.

Question

Quizplus · Accepted Answer

ECR and CPFR are examples of collaborative supply chain strategies aimed at improving inventory management and forecasting, but they are not specifically categorized as lean inventory approaches. Lean inventory focuses on minimizing waste and reducing inventory to what is strictly necessary, while ECR and CPFR focus on collaboration between partners to optimize the supply chain.

Efficient Consumer Response (ECR)and Collaborative Planning,forecasting,and Replenishment (CPFR)are Examples of Lean