Question

1) How can CPFR increase forecasting accuracy beyond the capabilities of VMI? 2) How can CPFR...

1) How can CPFR increase forecasting accuracy beyond the capabilities of VMI?

2) How can CPFR serve to further enhance the relationship between a supplier and retailer?

Business   Operations-Management   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

1)

CPFR (Collaborative Planning, Forecasting and Replenishment) increases forecasting accuracy beyond VMI as:

  • It helps to generate based on forecast and promotional activities rather than basis past sales as in case of VMI
  • It is more proactive in nature and considers holistic view considering inventory, logistics, sales, marketing etc.
  • CPFR works on single shared sales forecast basis the process of collaboration
  • It combines the data and information of trading partners which helps in potential synergy and greater accuracy
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
What is the best Forcasting model for General & Administrative expenses? How can it be used...
What is the best Forcasting model for General & Administrative expenses? How can it be used to reduce time spent on forecasting and increase forecast accuracy? Please explain.
What is the best Forcasting Model for General & Administrative expenses? And how can the model...
What is the best Forcasting Model for General & Administrative expenses? And how can the model be used to reduce time spent on forecasting and increase forecast accuracy? Please Explain in details
1. Explain how the Term Structure of Interest Rates (Yield Curve) can serve as a signalling...
1. Explain how the Term Structure of Interest Rates (Yield Curve) can serve as a signalling tool in the financial system. Give clear examples of its use in forecasting future inflation rates, interest rates and economic activity.
1)In hookes law experiment,how can we determine the accuracy and the precision of the results that...
1)In hookes law experiment,how can we determine the accuracy and the precision of the results that we obtain from the graph extension force against extension of the spring?Explain your answer. 2)How can we say if the graph extension force against extension of the spring obeys the hookes law?.What are the elements that we should look for in the graph? 3)What are the purposes of calculating the spring constant of the spring by finding the gradient of the graph? Can you...
1.the accuracy of the cost-volume-profit analysis is limited because it assumes a strictly linear relationship between...
1.the accuracy of the cost-volume-profit analysis is limited because it assumes a strictly linear relationship between the variables. true/false 2.database software is especially useful for performing cost-volume-profit sensitivity analysis. true/false 3. to attain a target profit, the total gross margin generated from sales must be sufficient to cover total fixed costs plus the target profit. true/false 3. if a company is operating beyond its break-even point, the sale of one more unit of the product increases the company's profit by...
1.A) In abut 5 lines explain how associative methods of forecasting differ from Time series methods...
1.A) In abut 5 lines explain how associative methods of forecasting differ from Time series methods of forecasting. B) Which one would you use to explain how the demand for pork might affect the demand for beef? 2. What all does Hard Rock Cafe's Point of Sale (POS) system capture? At what level is the information aggregated? 3. A) In about 5 lines, discuss the key differences between Time Series method of forecasting and Qualitative Methods of forecasting. B) Name...
1) How decreasing the heart rate can increase stroke volume? 2) why is possible for heart...
1) How decreasing the heart rate can increase stroke volume? 2) why is possible for heart to increase stoke volume when the End Diastolic Volume? 3) And whose Law is this?
How the following variables affect Exchange Rate Forecasting:- 1- Money supply 2- Growth 3- Inflation rates...
How the following variables affect Exchange Rate Forecasting:- 1- Money supply 2- Growth 3- Inflation rates 4- Nominal interest rates 5- Balance-of-payments
The table below shows the results of two methods (Forecast 1 and Forecast 2) of forecasting...
The table below shows the results of two methods (Forecast 1 and Forecast 2) of forecasting for frozen prepared dinners, as well as the demand for the five periods.          PREDICTED DEMAND Period Demand F1 F2 1 68 67 65 2 75 72 64 3 70 72 70 4 74 67 70 5 69 75 74 6 72 67 79 7 80 74 77 8 78 73 81          a. Compare the accuracy of Forecast 1 and Forecast 2 by...
An increase in lung compliance can enhance oxygen unloading because 1. it reduces resistance to air...
An increase in lung compliance can enhance oxygen unloading because 1. it reduces resistance to air flow through the bronchioles. 2. it reduces the humidification of the air and thus maintains a higher alveolar PO2. 3. more fresh air can enter the lungs, leading to a steeper PO2 gradient across the respiratory membrane. 4. it reduces the thickness of the respiratory membrane.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT