Asked by David Hornbek Jr. on Jun 18, 2024
Verified
Successful collaborative planning,forecasting and replenishment must be built on a foundation of
A) a common logistics carrier and data synchronization.
B) a single forecasting approach and a common logistics carrier.
C) data synchronization and established standards for exchanging information.
D) established standards for exchanging information and a single forecasting approach.
Collaborative Planning
A strategy where multiple stakeholders work together to forecast demand, share information, and ensure supply chain efficiency.
Forecasting
The process of making predictions about future events, trends, or behaviors based on historical data and analysis.
Replenishment
Entails the process of replenishing inventory or stock to ensure a continuous supply of products to meet customer demand.
- Understand the foundational elements necessary for successful collaborative planning, forecasting, and replenishment (CPFR) in supply chains.
Verified Answer
Learning Objectives
- Understand the foundational elements necessary for successful collaborative planning, forecasting, and replenishment (CPFR) in supply chains.
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