A process for two or more companies in a supply chain to synchronize their individual demand forecasts in order to develop a single plan for meeting customer demand is

Question

Quizplus · Accepted Answer

The process described is Collaborative Planning, Forecasting, and Replenishment (CPFR). It involves multiple companies sharing data and working together to create a coordinated plan for meeting customer demand. ERP (Enterprise Resource Planning) is a software system used for managing business processes like accounting, inventory, and customer information. BTO (Build-to-Order) is a manufacturing strategy where products are only made once an order from a customer is received. EDI (Electronic Data Interchange) is a method for exchanging business documents electronically between different companies. None of these options match the description of the process in the question as closely as CPFR does.

A Process for Two or More Companies in a Supply