Collaborative Planning Forecasting and Replenishment

(CPFR)

CPFR is a concept which aims to lower costs and improve efficiency by enabling cooperation between participants in a supply chain. Best known in retail environments, CPFR requires shared or networked IT systems to link trading partners. This enables continuous update and visibility of inventory and supports rapid response to changes in demand. Efficiencies come from lower inventory, logistics, and transportation costs for all trading partners.