Question

To make CPFR successful, companies should engage in which of the following collaborative activities?

a) strategy & planning
b) demand & supply management
c) execution
d) analysis
e) all of the above

Answer 1

To make CPFR successful, companies must engage in strategy & planning, demand & supply management, execution, and analysis. Hence, the correct answer is all of the above. The correct option is e.

Step-by-step explanation:

To make Collaborative Planning, Forecasting, and Replenishment (CPFR) successful, companies should engage in a suite of collaborative activities. These activities include a) strategy & planning, which involves setting the objectives and collaborating on the business plan; b) demand & supply management, which requires aligning the demand forecast with production and supply plans; c) execution, the phase where the planned activities are carried out; and d) analysis, which involves monitoring outcomes and managing exceptions.

Therefore, the answer would be e) all of the above. Each of these activities plays a crucial role in ensuring that CPFR initiatives are effective, aligning all parties involved around shared information and goals, and ultimately leading to improved supply chain efficiency.