__________ is a set of business practices designed to improve the ability to predict and coordinate with supply chain partners.
A) B2B e-commerce
B) Continuous replenishment
C) Collaborative planning, forecasting, and replenishment CPFR)
D) Vendor managed inventory VMI)

Question

Quizplus · Accepted Answer

Collaborative planning, forecasting, and replenishment (CPFR) is a set of business practices designed to improve the ability to predict and coordinate with supply chain partners. It involves collaboration between trading partners to develop a joint business plan, share information about demand forecasts, and coordinate the replenishment of goods in a timely and efficient manner. This helps to reduce inventory costs, improve product availability, and enhance customer satisfaction. B2B e-commerce, continuous replenishment, and vendor-managed inventory are related supply chain practices, but they do not necessarily involve the same level of collaboration and coordination as CPFR.

__________ Is a Set of Business Practices Designed to Improve