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Supply Chain Management (SCM) MCQs
Collaborative planning, forecasting, and replenishment (CPFR) involve ____.
13. Collaborative planning, forecasting, and replenishment (CPFR) involve ____.
- Outsourcing production planning to suppliers
- Maintaining high levels of inventory to ensure product availability
- Sharing information and coordinating activities between trading partners
- Minimizing communication with customers and suppliers
Answer
The correct answer is: C) Sharing information and coordinating activities between trading partners
Explanation
CPFR promotes collaboration between trading partners by sharing information and jointly planning forecasts and replenishment activities.