Project in which suppliers and retailers collaborate in their planning and demand forecasting to optimize flow of materials along the supply chain best describes

Question

Quizplus · Accepted Answer

Collaborate planning, forecasting, and replenishment (CPFR) is a supply chain management strategy that involves collaboration between suppliers and retailers in planning and demand forecasting to optimize the flow of materials along the supply chain. It helps to minimize inventory costs and improve customer service levels. Options A, C, and D are unrelated to the given description.

Project in Which Suppliers and Retailers Collaborate in Their Planning