Buyer and supplier cooperation in a supply chain may be referred to as what concept?
A) CFR
B) CPR
C) CPFR
D) CRPF

Question

Quizplus · Accepted Answer

CPFR stands for Collaborative Planning, Forecasting, and Replenishment. It is a concept where buyers and suppliers work together to improve forecasting accuracy, optimize inventory levels, and streamline the flow of goods in the supply chain. CPFR promotes communication and coordination between both parties, leading to increased efficiency and responsiveness in the supply chain.

Buyer and Supplier Cooperation in a Supply Chain May Be