Which type of supply chain collaboration methods includes the vendor obtaining the buyer's current sales, demand, and inventory data in real time and replenishing the buyer's inventory?
A) Continuous Replenishment (CRP) or Vendor Managed Inventory (VMI)
B) Collaborative Forecasting and Replenishment (CFAR)
C) Collaborative Planning, Forecasting and Replenishment (CPFR)
D) None of the above

Question

Quizplus · Accepted Answer

Continuous Replenishment (CRP) or Vendor Managed Inventory (VMI) involves the vendor obtaining the buyer's current sales, demand, and inventory data in real time and replenishing the buyer's inventory. Collaborative Forecasting and Replenishment (CFAR) and Collaborative Planning, Forecasting and Replenishment (CPFR) involve more collaborative planning and forecasting between the buyer and vendor.

Which Type of Supply Chain Collaboration Methods Includes the Vendor