Which one 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) 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 designed to enhance supply chain management through collaborative efforts of different businesses involved. Option A is incorrect as CPFR doesn't work on a basis of finding a middle ground but on the idea of joint planning and execution. Option C is incorrect as there is no direct relation between CPFR and PMBOK©, and option D is incorrect as studies have shown the opposite, that computer-based CPFR systems are more efficient and accurate than manual, paper-based CPFR systems.

Which One of the Following Statements Regarding Collaborative Planning,forecasting,and Replenishment