With the supply chain being in the turmoil that it is today does this process still work and can mid-market companies even afford it.
Collaborative Planning, Forecasting, and Replenishment (CPFR) is a type of software system that enables businesses to interactively share production, inventory, and order information online with their partners. Its main concept aims to enhance supply chain integration by supporting and assisting joint practices. CPFR seeks cooperative management of inventory through joint visibility and replenishment of products throughout the supply chain. Information shared between suppliers and retailers aids in planning, satisfying customer demands through a supportive system of shared information.
What are your alternatives to Collaborative Planning, Forecasting and Replenishment? SafeSourcing has written about this subject many times. You can find them in our SafeSourcing Daily Blog that has published over 3500 articles on a variety of topics. Please check into these three or research the rest of our archive yourself. What is Collaboration? Part I. What is Collaboration? Part II and What is Collaboration? Part III of III.
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