What is CPFR?
A) A business technique whereby trading partners agree upon a joint plan and sales forecast; they monitor the extent to which the plan and forecast are met, replenishing inventory as needed and they recognize and respond to any exceptions
B) A business technique whereby trading partners administer artificial resuscitation as needed
C) A business technique whereby one trading partner communicates to the other what replenishment they need and the other trading partner responds to that demand
D) A business technique whereby one trading partner communicates to the other what replenishment they have available for the other and the other partner responds as to whether the available items suit its needs
E) A business technique that attempts to assign costs to products for resale

Question

Quizplus · Accepted Answer

CPFR stands for Collaborative Planning, Forecasting, and Replenishment, which involves trading partners working together to agree on a joint plan and sales forecast, monitoring performance, and managing inventory replenishment collaboratively.

What Is CPFR