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What is CPFR in supply chain?Supply Chain Planning
CPFR stands for collaborative planning, forecasting, and replenishment. The Institute of Business Forecasting and Planning said, “CPFR strategies allow aligning of multiple S&OP processes and jointly plan supply chain activities to ensure that the joint business plans between organizations are respected, while minimizing costs and maximizing efficiency from end-to-end of your supply chain.” Using these strategies can help you get ahead by focusing on collaboration. It may be a lot of work, but once you find the right balance that work can really pay off! Click the link for a great informational video on CPFR.
Collaborative Planning, Forecasting & Replenishment (CPFR)
One of the key enablers of efficiencies and improvements across supply chains is to create and use collaborative planning, forecasting and replenishment (CPFR) strategies across organizations’ boundaries.CPFR strategies allow aligning of multiple S&OP processes and jointly plan supply chain activiRead the article