What is CPFR® and who oversees it?
The Collaborative Planning, Forecasting and Replenishment (CPFR®) Committee is a Voluntary Interindustry Commerce Standards Association (VICS) committee made up of retailers, manufacturers and solution providers. This group originally developed CPFR®, a set of business processes that entities within a supply chain can use for collaboration on a number of buyer/seller functions, all working toward achieving overall efficiency in the supply chain. The guiding principles developed for CPFR® out of the JMI and VMI best practices are these: • The trading partner framework and operating process focus on consumers and are geared toward the value chain success. • Trading partners manage the development of a single shared forecast of consumer demand that drives planning across the value chain. • Trading partners jointly commit to the shared forecast through risk sharing in the removal of supply process constraints.
