Question: What sorts of risks do you see in reliance on the Internet in the use of Collaborative Planning, Forecasting, and Replenishment (CPFR)?
Collaborative planning, forecasting, and replenishment (CPFR) may be a web-based tool accustomed coordinate demand forecasting, production and buy planning, and inventory replenishment between supply chain trading partners.
(CPFR) is getting used as a technique of integrating all members of an n-tier supply chain, including manufacturers, distributors, and retailers. CPFR is the retail-level demand forecast. Which is successively accustomed synchronize forecasts, production, and replenishment plans upstream through the provision chain.
The main objective is to exchange selected internal information on a shared webserver to supply reliable, longer-term future views of demand within the supply chain. CPFR uses a cycle and iterative approach to derive consensus supply chain forecasts. It consists of the subsequent five steps:
94% of StudySmarter users get better grades.Sign up for free