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A company finds that one of its warehouses is out of capacity to store products. Expanding the physical size of the warehouse is not an option. The most appropriate solution would be to increase the:
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Question 192 - CSCP discussion

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A retailer wants to partner with its suppliers to implement automatic replenishment of inventories and joint sales forecasts. Which of the following supply chain management technologies most likely would support the retailer's strategy?

A.
Advanced planning and scheduling
Answers
A.
Advanced planning and scheduling
B.
Collaborative planning, forecasting, and replenishment
Answers
B.
Collaborative planning, forecasting, and replenishment
C.
Supplier relationship management applications
Answers
C.
Supplier relationship management applications
D.
Radio frequency identification (RFID) tags
Answers
D.
Radio frequency identification (RFID) tags
Suggested answer: B

Explanation:

For a retailer looking to partner with its suppliers to implement automatic replenishment of inventories and joint sales forecasts, Collaborative Planning, Forecasting, and Replenishment (CPFR) is the most suitable technology. This involves:

Joint Planning: CPFR enables retailers and suppliers to collaborate on planning and forecasting, ensuring that both parties have a shared understanding of demand and supply requirements.

Inventory Replenishment: By sharing data and forecasts, CPFR helps to automate inventory replenishment, reducing stockouts and excess inventory.

Data Integration: CPFR integrates data from various sources, providing a comprehensive view of the supply chain and improving decision-making.

Improved Accuracy: Collaboration between retailers and suppliers leads to more accurate forecasts and better alignment of supply with demand.

'Collaborative Planning, Forecasting, and Replenishment: How to Create a Supply Chain Advantage' by Dirk Seifert

APICS, 'CPFR: Collaborate with Trading Partners to Achieve Supply Chain Excellence'

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asked 16/09/2024
rafael Flores
52 questions
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