A Company Is Considering Implementing Collaborative Planning, Forecasting, and Replenishment

Multiple Choice

A company is considering implementing collaborative planning, forecasting, and replenishment (CPFR) . Which of the following statements best reflects one of the objectives of CPFR?

A) It represents a sequence of business processes between consumers and retailers.
B) It replaces traditional forecasting methods with a shared single forecast among trading partners.
C) It represents a sequence of business processes within the manufacturing environment.
D) It replaces traditional inventory management procedures with a vendor-managed (VMI) system.