Question

Collaborative Planning, Forecasting and Replenishment (CPFR) is a business practice in which multiple trading partners agree to exchange knowledge and share risks to generate the most accurate forecast possible and develop effective replenishment plans. CPFR links sales and marketing processes to supply chain planning and execution processes across multiple trading partners.

A. True
B. False

Answer 1

Collaborative Planning, Forecasting and Replenishment (CPFR) is a business practice that involves multiple trading partners collaborating to improve forecasting accuracy and develop effective replenishment plans.

Step-by-step explanation:

Collaborative Planning, Forecasting and Replenishment (CPFR) is a business practice in which multiple trading partners collaborate to improve forecasting accuracy and develop effective replenishment plans. It involves the exchange of knowledge and the sharing of risks among partners to generate the most accurate forecast possible. CPFR helps to link sales and marketing processes to supply chain planning and execution processes across multiple trading partners.