What is Collaborative Planning, Forecasting and Replenishment (CPFR)?
Collaborative Planning, Forecasting and Replenishment (CPFR) describes a set of practices in which trading partners plan key supply chain activities to efficiently meet customer demand at the lowest possible cost. This collaboration typically includes business planning, sales forecasting, and replenishment of raw materials and finished goods.
Meant to reduced silos, CPFR streamlines multiple S&OP processes and supply chain planning activities, reduces inventory and logistics costs, enhances end-to-end supply chain efficiency and optimizes inventory movement.
CPFR establishes common processes and metrics to help supply chain trading partners achieve their common goals. Improved communication, collaboration and information sharing are vital to ensuring the successful implementation of this strategy. Learn more about the supply chain software and supply chain services offered by GEP
World's Leading, Unified Source-to-Pay Platform for Direct and Indirect Spend Management
GEP SMART is an AI-powered, cloud-native source-to-pay platform for direct and indirect procurement. GEP SMART offers comprehensive source-to-pay functionality in one user-friendly platform, inclusive of spend analysis, sourcing, contract management, supplier management, procure-to-pay, savings project management and savings tracking, invoicing and other related functionalities.
Next-Gen, End-to-End Supply Chain Management Platform for the Connected Enterprise
GEP NEXXE is a unified and comprehensive supply chain platform that provides end-to-end planning, visibility, execution and collaboration capabilities for today’s complex, global supply chains. Built on a foundation of data, artificial intelligence and cognitive technologies, GEP NEXXE helps enterprises digitally transform their supply chains and turn them into a competitive advantage.
