The goal of collaborative planning,forecasting,and replenishment (CPFR) is to improve operational efficiency and manage inventory.

Question

Quizplus · Accepted Answer

Collaborative planning, forecasting, and replenishment (CPFR) is a supply chain strategy that aims to improve efficiency in the supply chain by collaborating with partners, suppliers, and customers. The goal is to reduce inefficiencies, such as bullwhip effects, in the supply chain by harmonizing information sharing, forecasting, and replenishment processes. This, in turn, helps to improve operational efficiency and manage inventory levels, reducing costs and increasing customer satisfaction.

The Goal of Collaborative Planning,forecasting,and Replenishment (CPFR) Is to Improve