Which type of supply chain collaboration includes collaborative processes across the supply chain using a set of processes and technology models?
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

Collaborative Planning, Forecasting and Replenishment (CPFR) involves collaborative processes across the supply chain using a set of processes and technology models to improve forecasting accuracy, enhance product availability and reduce inventory costs. Continuous Replenishment (CRP) or Vendor Managed Inventory (VMI) and Co-Managed Inventory are specific types of collaboration, but not as comprehensive as CPFR. Collaborative Forecasting and Replenishment (CFAR) is a similar concept to CPFR but does not involve as many advanced technology models.

Which Type of Supply Chain Collaboration Includes Collaborative Processes Across