CPFR (Collaborative Planning, Forecasting and Replenishment)

CPFR (Collaborative Planning, Forecasting, and Replenishment) is a business process where supply chain partners, like manufacturers and retailers, work together to share information and coordinate their activities. By jointly planning sales forecasts, inventory levels, and orders, they can reduce uncertainties, improve accuracy, and ensure products are available when needed. This collaboration leads to more efficient operations, better customer service, and reduced costs, ultimately creating a more synchronized and responsive supply chain.