Apparel manufacturers manage inventories that move from raw materials to subassemblies to finished Goods, and from suppliers to subcontractors to final assembly to warehouse to retail outlet. Apparel Manufacturers not only need to track each component and finished product alike, but also they must Know what is pre-sold, on backorder, shipped, available to ship, and in retail inventory. Meanwhile,Apparel manufacturers also want to be able to identify garments by name, descriptor, style, size, and color Variations. _____ would be an effective tool for managing this inventory.
A) Just-in-time (JIT)
B) Collaborative planning, forecasting, and replenishment (CPFR)
C) Fulfillment centers
D) Inventory management cooperatives
E) Distribution centers

Question

Quizplus · Accepted Answer

Collaborative planning, forecasting, and replenishment (CPFR) is an effective tool for managing complex inventories like those in the apparel industry. It involves collaboration between suppliers, manufacturers, and retailers to improve inventory management through shared information and planning, which is crucial for tracking components, finished products, and understanding inventory status across various stages.

Apparel Manufacturers Manage Inventories That Move from Raw Materials to Subassemblies