Collaborative Planning, Forecasting and Replenishment (CPFR)
CPFR is a concept that allows collaborative processes across the supply chain, using a set of process and technology models that are:
| Open, yet allow secure communications |
| Flexible across the industry |
| Extensible to all supply chain processes |
| Support a broad set of requirements (new data types, interoperability with different DBMSs, etc). |
| The mission of this initiative is closely tied with similar efforts that have preceded it - such as ECR, Quick Response and VMI. Its objectives are consistent with the objectives of the Voluntary Inter-industry Commerce Standards Association (VICS), - a voluntary, nonprofit organization, which takes a global leadership role in the ongoing improvement of the flow of product and information (about the product) throughout the entire supply chain in the general merchandise retail industry. |
| The goal of CPFR is to change the relationship paradigm and create significantly more accurate information that can drive the value chain to greater sales and profits. |
While CPFR isn't yet widely adopted throughout the industry, there are a large number of pilots in progress and demand is projected to heat up in the short-term. For more information on CPFR, please visit www.cpfr.org. For a detailed description, you may access the CPFR white papers.