Which of the following statements regarding collaborative planning,forecasting,and replenishment (CPFR)systems is BEST?
A)In CPFR,each business develops a sales and operations plan and the mainframe system reconciles these plans to find a middle ground that all businesses work towards.
B)CPFR is a set of business processes.
C)CPFR has the Project Management Body of Knowledge (PMBOK©)as its basis.
D)Recent studies have demonstrated that manual,paper-based CPFR systems are more responsive and more accurate than computer-based CPFR systems.

Question

Quizplus · Accepted Answer

Collaborative planning, forecasting, and replenishment (CPFR) systems are a set of business processes that allow trading partners to collaborate on planning and fulfilling customer demand. Option A is incorrect because CPFR is not about finding a middle ground, but rather about collaborating to create a joint plan. Option C is false because PMBOK is a project management methodology and is not directly related to CPFR. Option D is also incorrect because computer-based CPFR systems are typically more efficient and accurate than manual, paper-based systems.

Which of the Following Statements Regarding Collaborative Planning,forecasting,and Replenishment (CPFR)systems