Matching supply and demand - Collaborative planning, forecasting and replenishment
3 important questions on Matching supply and demand - Collaborative planning, forecasting and replenishment
Where does CPFR stand for? And what is it?
Collaborative planning, forecasting and replenishment
Is a development form of VMI (Vendor Managed Inventory), it is a partnership based approach to managing the buyer/supplier interfaces across the supply chain. A key element of CPFR is the generation of a joint forecast between the supplier and its customer (e.g. P&G and Walmart).
Is a development form of VMI (Vendor Managed Inventory), it is a partnership based approach to managing the buyer/supplier interfaces across the supply chain. A key element of CPFR is the generation of a joint forecast between the supplier and its customer (e.g. P&G and Walmart).
Where does VMI stand for? And what is it?
Vendor Managed Inventory
VMI is a process through which the supplier rather than the customer manages the flow of product into the customer's operations. This flow is driven by frequent exchanges of information about the product and customer.
VMI is a process through which the supplier rather than the customer manages the flow of product into the customer's operations. This flow is driven by frequent exchanges of information about the product and customer.
What are the benefits of CPFR?
- Reduce capital investment
- Decrease cost of goods sold
- Increase sales revenue
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