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Question 66

A company is considering implementing collaborative planning, forecasting, and replenishment (CPFR). Which of the following statements best reflects one of the objectives of CPFR?

It represents a sequence of business processes between consumers and retailers.

It replaces traditional forecasting methods with a shared single forecast among trading partners.

It represents a sequence of business processes within the manufacturing environment.

It replaces traditional inventory management procedures with a vendor-managed (VMI) system.

Correct Answer: B

Collaborative planning, forecasting, and replenishment (CPFR) is a business practice that replaces traditional forecasting methods with a shared single forecast among trading partners. This collaborative approach helps trading partners jointly plan and fulfill customer demand more effectively.

Discussion

sparkyhOption: B

B. It replaces traditional forecasting methods with a shared single forecast among trading partners.

dailong142002Option: B

ANS Should be B - CPFR is a business practice that combines the intelligence of multiple trading partners in the planning and fulfillment of customer demand.

jlorenzocvOption: B

For me B.