Which of the following is NOT true about Collaborative Planning,Forecasting and Replenishment (CPFR)?
A)The basic idea is to share forecasting information with the suppliers and customers in the supply chain.
B)It is best applied to a few customers representing the bulk of demand.
C)It creates visibility in the supply chain minimizing the occurrence of the bullwhip in supply chains.
D)It requires advanced forecasting tools such as Box-Jenkins to improve the forecasting accuracy.

Question

Quizplus · Accepted Answer

CPFR does not require advanced forecasting tools such as Box-Jenkins, although they may be used to improve accuracy. Collaboration and communication are the key elements of CPFR, not necessarily sophisticated forecasting methods.

Which of the Following Is NOT True About Collaborative Planning,Forecasting