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What is collaborative forecasting, planning and replenishment (CPFR)?

April 26, 2017collaborative forecasting planning Replenishment

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What is collaborative forecasting, planning and replenishment (CPFR)?

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10 Posted

(CPFR) Collaborative Planning, Forecasting, and Replenishment is a business practices that combines the intelligence of multiple trading partners in the demand planning and fulfillment of customer demand. CPFR was pioneered by Wal-Mart as a next step to efficient consumer response (ECR) and vendor managed inventory (VMI) and is now promoted by the Voluntary Interindustry Commerce Standards Association (VICS). CPR is a proven retail supply chain improvement process.