Collaborative planning, forecasting and replenishment (CPFR)
CPFR is a concept that allows collaborative processes processing ss the supply chain, using a set of process and technology models that are:
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Open, yet allow secure communications |
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Flexible internal ss the industry |
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Extensible to all supply chain processes |
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Support a broad set of requirements (new data types, interoperability with different dbmss, etc ). |
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The mission of this initiative is closely tied with similar efforts that have preceded it-such as ECR, quick response and VMI. its objectives are consistent with the objectives of the voluntary inter-Industry Commerce Standards Association (vics),-a voluntary, nonprofit organization, which takes a global leadership role in the ongoing improvement of the flow of product and Information (about the product) throughout the entire supply chain in the general merchandise retail industry. |
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The goal of CPFR is to change the relationship paradigm and create significantly more accurate information that can drive the value chain to greater sales and profits. |
while CPFR isn't yet widely adopted throughout the industry, there are a large number of pilots in progress and demand is projected to heat up in the short-term. for more information on CPFR, please visit www.cpfr.org. for a detailed description, you may access the CPFR white papers.