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.