CPFR Collaborative Planning Forecasting Replenishment

eChain can show you how to best implement CPFR strategies and technologies. We can show you how to achieve a 3 month ROI with your CPFR investments, and add tens of millions of dollars of operational savings to your company in the first year.

Collaborative Planning, Forecasting, and Replenishment (CPFR) is a concept that aims to enhance supply chain integration by supporting and assisting joint practices. CPFR seeks cooperative management of inventory through joint visibility and replenishment of products throughout the supply chain. Information shared between suppliers and retailers aids in planning and satisfying customer demands through a supportive system of shared information. This allows for continuous updating of inventory and upcoming requirements, making the end-to-end supply chain process more efficient. Efficiency is created through the decrease expenditures for merchandizing, inventory, logistics, and transportation across all trading partners.

• Forecasting - Improve and reduce your forecast error as the foundation for CPFR and your subsequent operational initiatives. Reducing your error from 80% to 40% can save you millions.
• Replenishment - Tie replenishment policies and stock algorithms to your improving forecast metrics to significantly reduce inventory and improve customer service levels
• Collaborative Planning - As the final step of CPFR, you don't want to share a bad forecast. Once your forecast is improved, collaborate with your key customers and suppliers for better relationships, and improved terms and negotiated pricing opportunities.

Contact our business strategist for more information about our services.