Which type of supply chain collaboration techniques includes the vendor obtaining the buyer's current sales, demand, and inventory data in real time and replenishing the buyer's inventory?
A)Continuous Replenishment (CRP) or Vendor Managed Inventory (VMI)
B)Co-Managed Inventory
C)Collaborative Forecasting and Replenishment (CFAR)
D)Collaborative Planning, Forecasting and Replenishment (CPFR)

Question

Quizplus · Accepted Answer

Continuous Replenishment (CRP) or Vendor Managed Inventory (VMI) is the supply chain collaboration technique that involves the vendor obtaining the buyer's current sales, demand, and inventory data in real time and replenishing the buyer's inventory accordingly. This helps to streamline the supply chain and reduce inventory costs for both parties. Co-Managed Inventory involves both the vendor and buyer managing inventory levels and Collaborative Forecasting and Replenishment (CFAR) and Collaborative Planning, Forecasting and Replenishment (CPFR) are broader supply chain collaboration techniques that involve sharing information and jointly planning and executing supply chain activities. However, neither of these involve real-time inventory replenishment by the vendor.

Which Type of Supply Chain Collaboration Techniques Includes the Vendor