Question

A CPFR program allows a producer to determine replenishment quantities in concert with a retailer and thereby remove redundant inventory and improve customer service. This activity likely ______________.

Answer 1

CPFR programs enhance collaboration between producers and retailers, leading to more efficient inventory management and cost savings while improving customer service.

Step-by-step explanation:

A CPFR (Collaborative Planning, Forecasting, and Replenishment) program allows a producer to determine replenishment quantities in concert with a retailer. This collaboration likely increases efficiency and optimizes inventory levels, leading to a reduction in costs associated with excess inventory and improved customer service by ensuring product availability.