Collaborative Planning Forecasting Replenishment system

Collaborative Planning Forecasting Replenishment system

Evaluate and compare the pros and cons of the Collaborative Planning Forecasting Replenishment system designed by Wal-Mart and Warner Lambert.

…………..Answer Preview…………….

The Collaborative Planning Forecasting Replenishment system that was designed by Wal-Mart and Warner Lambert was made in such a way that customer could improve their performance by having a collaborative relationship with the two vendors. It was advantageous to both consumers and the two organizations that spearheaded the effort to define the process that meant to link the customer demand together with replenishment needs via the entire supply chain. It involved upstream suppliers, the suppliers of both finished goods, as well as, retailers. Thought the CPFR, Warner-Lambert’s average stock rose from 87 percent…………….

APA

346 Words