What is Collaborative Planning, Forecasting and Replenishment (CPFR)?

Collaborative Planning, Forecasting and Replenishment (CPFR) describes a set of practices in which trading partners plan key supply chain activities to efficiently meet customer demand at the lowest possible cost. This collaboration typically includes business planning, sales forecasting, and replenishment of raw materials and finished goods.

Meant to reduced silos, CPFR streamlines multiple S&OP processes and supply chain planning activities, reduces inventory and logistics costs, enhances end-to-end supply chain efficiency and optimizes inventory movement.

CPFR establishes common processes and metrics to help supply chain trading partners achieve their common goals. Improved communication, collaboration and information sharing are vital to ensuring the successful implementation of this strategy. Learn more about the supply chain software and supply chain services offered by GEP

 


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