Which of the following statements about collaborative planning, forecasting, and replenishment (CPFR)
Is True?
A) CPFR is a method by which a producer and a retail chain jointly and interactively develop product Sales forecasts.
B) The intent of CPFR is to supply the right amount of product in response to demand.
C) The success of CPFR depends on mutual trust.
D) The outcomes of CPFR are a full plan for marketing a specific product.
E) All of the above statements about CPFR are True.

Question

Quizplus · Accepted Answer

All of the statements about CPFR are true. CPFR is a collaborative approach where producers and retailers work together to forecast demand, ensure the right amount of product is supplied, and develop marketing plans. The success of this approach heavily relies on mutual trust between the parties involved.

Which of the Following Statements About Collaborative Planning, Forecasting, and Replenishment