Question

Which one of the following statements regarding collaborative planning, forecasting, and replenishment (CPFR) systems is best? Question 10 options: A) In CPFR, each business develops a sales and operations plan and the mainframe system reconciles these plans to find a middle ground that all businesses work towards. B) CPFR is a set of business processes. C) CPFR has the Project Management Body of Knowledge (PMBOK©) as its basis. D) Studies have demonstrated that manual, paper-based CPFR systems are more responsive and more accurate than computer-based CPFR systems.

Answer 1

B) CPFR is a set of business processes.

Step-by-step explanation:

Collaborative Planning, forecasting and replenishment (CPFR) as a process has always been considered to be a set of business processes. The major aim of Collaborative Planning, forecasting and replenishment (CPFR) is to improve operational efficiency and manage inventory. CPFR allows members of the supply chain to share forecasting, demand, and inventory information with one another allowing for reduced costs and increased demand.