Asked by David Hornbek Jr. on Jun 18, 2024

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Successful collaborative planning,forecasting and replenishment must be built on a foundation of

A) a common logistics carrier and data synchronization.
B) a single forecasting approach and a common logistics carrier.
C) data synchronization and established standards for exchanging information.
D) established standards for exchanging information and a single forecasting approach.

Collaborative Planning

A strategy where multiple stakeholders work together to forecast demand, share information, and ensure supply chain efficiency.

Forecasting

The process of making predictions about future events, trends, or behaviors based on historical data and analysis.

Replenishment

Entails the process of replenishing inventory or stock to ensure a continuous supply of products to meet customer demand.

  • Understand the foundational elements necessary for successful collaborative planning, forecasting, and replenishment (CPFR) in supply chains.
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SL
sergio lopezJun 19, 2024
Final Answer :
C
Explanation :
Successful collaborative planning, forecasting, and replenishment require data synchronization and established standards for exchanging information. Without these, it is difficult to ensure that all parties are working with the same information and that communication is effective. While a common logistics carrier and a single forecasting approach can be helpful, they are not as foundational as data synchronization and established standards.