Collaborative Planning, Forecasting and Replenishment (CPFR) is a concept that aims to enhance supply chain integration by supporting and assisting joint practices. CPFR seeks cooperative management of inventory through joint visibility and replenishment of products throughout the supply chain. Information shared between suppliers and retailers aids in planning and satisfying customer demands through a supportive system of shared information. This allows for continuous updating of inventory and upcoming requirements, making the end-to-end supply chain process more efficient. Efficiency is created through the decrease expenditures for merchandising, inventory, logistics, and transportation across all trading partners.
Application areas:
Industries: a.o. Consumer Packaged Goods, Retail, Fast Moving Consumer Goods
Solutions: a.o. Demand Foracsting
ORTEC contribution:
Solutions like ORTEC Pallet and Load Building and ORTEC Vehicle Routing and Dispatch (both Windows based and SAP embedded), linked to demand forecasting solutions, are essential to realize the concept of CPFR.
ORTEC references:
General Mills
Church and Dwight
Georgia Pacific
Source and extra information
Wikipedia on CPFR
Volentray Interindustry Commerce Solutions
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