LOGISTIC S & SUPPLY CHAIN MANAGEMENT
94
Collaborative planning, forecasting and
replenishment
Over the last 25 years or so, a number of breakthroughs have occurred in collab-
orative working in supply chains. Many of these initiatives have originated in the
retail sector but the ideas have universal application. The underpinning logic of all
these collaborative initiatives has been the idea that through sharing information
and by working together to create joint plans and forecasts, both the supply side
and the demand side of the supply chain can benefit.
Collaborative planning, forecasting and replenishment (CPFR) is the name
given to a partnership-based approach to managing the buyer/supplier interfaces
across the supply chain ...