Which type of supply chain collaboration methods includes collaborative processes across the supply chain using a set of processes and technology models?
A) Continuous Replenishment (CRP) or Vendor Managed Inventory (VMI)
B) Co-Managed Inventory
C) Collaborative Forecasting and Replenishment (CFAR)
D) Collaborative Planning, Forecasting and Replenishment (CPFR)

Question

Quizplus · Accepted Answer

Collaborative Planning, Forecasting and Replenishment (CPFR) includes multi-level, multi-company collaboration and utilizes a set of processes and technology models to improve supply chain efficiency and effectiveness. Continuous Replenishment (CRP) or Vendor Managed Inventory (VMI) and Co-Managed Inventory may involve collaboration between a supplier and a customer, but do not necessarily include the use of technology models or multi-level collaboration. Collaborative Forecasting and Replenishment (CFAR) is a similar concept to CPFR but is an older term and is less widely used in industry.

Which Type of Supply Chain Collaboration Methods Includes Collaborative Processes