Which of the following statements is true of collaborative planning,forecasting,and replenishment (CPFR)?
A)It improves operational efficiency and manages inventory.
B)It nullifies supply chain members through point-of-sale (POS)data sharing.
C)It generates complex queries and reports quickly and easily.
D)It discovers patterns and trends that cannot be found with databases.

Question

Quizplus · Accepted Answer

Collaborative planning, forecasting, and replenishment (CPFR) is a coordinated approach to improving supply chain efficiency by sharing data between trading partners. It involves joint planning, forecasting, and decision-making processes to improve inventory management, reduce stockouts, and streamline replenishment processes. Therefore, choice A is the correct statement. Choices B, C, and D are not accurate descriptions of CPFR.

Which of the Following Statements Is True of Collaborative Planning,forecasting,and