recent years some companies have begun to work closely with their customers and/or suppliers by sharing information to develop forecasts of demand. The procedure they are following is known as:

Question

Quizplus · Accepted Answer

The procedure described is specifically known as Collaborative Planning, Forecasting, and Replenishment (CPFR), where companies work closely with their customers and/or suppliers to share information and develop forecasts of demand. Option A and B are partially correct but do not fully encompass the specific procedure described. Option D is incorrect and refers to a different type of analysis.

Recent Years Some Companies Have Begun to Work Closely with Their