Which of the Following Is NOT True About Collaborative Planning,Forecasting

question 13

Multiple Choice

Which of the following is NOT true about Collaborative Planning,Forecasting and Replenishment (CPFR) ?

• A)The basic idea is to share forecasting information with the suppliers and customers in the supply chain.
• B)It is best applied to a few customers representing the bulk of demand.
• C)It creates visibility in the supply chain minimizing the occurrence of the bullwhip in supply chains.
• D)It requires advanced forecasting tools such as Box-Jenkins to improve the forecasting accuracy.

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Definitions:

Problem-Solving Team

A group of individuals brought together to address specific challenges or issues within an organization, working collaboratively to find solutions.

Specific Issue

A particular or well-defined problem or topic of interest.

Empowered

Being given the authority, confidence, and means to make decisions and take actions in one's role or life.

Common Types

Categories or sorts of items or phenomena that share similar characteristics; typically used to categorize information for easier understanding and analysis.