Collaborative Planning, Forecasting, and Replenishment (2)

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Collaborative Planning, Forecasting, and Replenishment CPFRF is a technique used by large-scale and small-scale firms in their supply chain to assist and support joint practices at different levels of the supply chain. The CPFR is adopted to enhance cooperative inventory management and improve an organization’s supply chain. It seeks to eliminate mistakes and errors in the supply chain that would otherwise disrupt operations in different supply chain levels.