A Company Is Considering Implementing Collaborative Planning, Forecasting, and Replenishment

question 98

Multiple Choice

A company is considering implementing collaborative planning, forecasting, and replenishment (CPFR) . Which of the following statements best reflects one of the objectives of CPFR?

• A) It represents a sequence of business processes between consumers and retailers.
• B) It replaces traditional forecasting methods with a shared single forecast among trading partners.
• C) It represents a sequence of business processes within the manufacturing environment.
• D) It replaces traditional inventory management procedures with a vendor-managed (VMI) system.

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Definitions:

Transmitting

the act of sending or conveying information, signals, or messages from one person, device, or location to another.

Opioid Drugs

Substances that act on opioid receptors to produce morphine-like effects, used primarily for pain relief but are also abused.

Narcotics

Drugs that relieve pain and induce sleep, often used medically but can also lead to dependency and misuse.

Depressants

Substances that reduce the functioning of the nervous system, often leading to relaxation or sedation.