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Collaborative Planning, Forecasting, and Replenishment (CPFR): An Introduction

 
Mita Devi (Author) Sashikala Parimi (Author)
Synopsis Collaborative Planning, Forecasting and Replenishment (CPFR) is the sharing of forecasts and related business information among business partners in the supply chain to enable automatic product replenishment. CPFR, a set of guidelines supported and published by the VICS Association, changes the rules, so that companies throughout the supply chain can simultaneously lower costs and improve customer services. The CPFR solution itself does not have to be deployed by each trading partner. Instead, several companies offer hosting services that run CPFR solutions for a trading community. The cost to participants will be substantially lesser than what it would be, if individual participants were to develop their own systems. The goal of CPFR is to change the relationship paradigm and create significantly more accurate information that can drive the value chain to greater sales and profits. It has noted increased promotional service levels and reduced inventory across the distribution network, improved sales, operational and forecast efficiencies and topped the list of the biggest expected benefits. Other anticipated benefits include lower inventories, improved partnerships, reduced product returns, operational efficiency improvements, and sales increases.
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About the authors

Mita Devi

Mita Devi holds a PGDBA degree from ICFAI Business School, Hyderabad and Master of Arts degree in Sociology with specialization in Human Rights from University of Hyderabad. She is currently working as Associate Consultant at ICFAI Books, an affiliate of the ICFAI University. Her areas of interest include Information Security Management, Management Information Systems, and Systems Analysis and Designing.

Sashikala Parimi

Sashikala Parimi, who is currently working as a faculty member at Icfai Business School, Hyderabad, holds a doctorate degree in statistics from Osmania University and a masters degree in statistics from Mysore University. She has 15 years of teaching and research experience in the field of statistics operations. She has several research papers to her credit, published in various reputed national and international journals. Currently, she is working as a co-ordinator for PhD program at Icfai. Her areas of interest include statistics, operations, information technology and business intelligence.

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Bibliographic information

Title Collaborative Planning, Forecasting, and Replenishment (CPFR): An Introduction
Format Hardcover
Date published: 12.11.2006
Edition 1st ed.
Language: English
isbn 8131400719
length 276p.