Which one of the following statements regarding collaborative planning, forecasting, and replenishment (CPFR)systems is best?
A)In CPFR, each business develops a sales and operations plan and the mainframe system reconciles these plans to find a middle ground that all businesses work towards.
B)CPFR is a set of business processes.
C)CPFR has the Program Management Body of Knowledge (PMBOK©)as its basis.
D)Studies have demonstrated that manual, paper-based CPFR systems are faster and more accurate than computer-based CPFR systems.

Question

Quizplus · Accepted Answer

CPFR is a set of business processes that aims to streamline supply chain management by improving collaboration and communication between partners. Option A is incorrect as CPFR involves joint planning and collaborative decision-making, not reconciliation of individual plans by a mainframe system. Option C is also incorrect as CPFR is not based on the PMBOK© framework. Option D is incorrect as studies have shown that computer-based CPFR systems offer greater efficiency and accuracy compared to manual, paper-based systems.

Which One of the Following Statements Regarding Collaborative Planning, Forecasting