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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 469 - CSCP discussion

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After two firms have established an initial relationship to apply the principles of collaborative planning, forecasting, and replenishment (CPFR) for products, the next logical step is to:

A.
share forecasts for the products with each other.
Answers
A.
share forecasts for the products with each other.
B.
obtain orders for the products and enter them into the master schedule.
Answers
B.
obtain orders for the products and enter them into the master schedule.
C.
create joint business plans for the products.
Answers
C.
create joint business plans for the products.
D.
negotiate prices and profit expectations for the products.
Answers
D.
negotiate prices and profit expectations for the products.
Suggested answer: C

Explanation:

After two firms have established an initial relationship for Collaborative Planning, Forecasting, and Replenishment (CPFR), the next logical step is to create joint business plans for the products. This step involves aligning on business objectives, market strategies, and goals for the collaboration. Creating joint business plans ensures that both parties have a clear and shared understanding of their roles, responsibilities, and expectations, which is essential for the success of CPFR initiatives. It helps in setting the stage for effective collaboration, mutual trust, and long-term partnership.

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

APICS Dictionary, 16th Edition

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asked 16/09/2024
Pawel Lenart
34 questions
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