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March 1, 2019
CPFR stands for collaborative planning, forecasting, and replenishment. The Institute of Business Forecasting and Planning said, “CPFR strategies allow aligning of multiple S&OP processes and jointly plan supply chain activities to ensure that the joint business plans between organizations are respected, while minimizing costs and maximizing efficiency from end-to-end of your supply chain.” Using these strategies can help you get ahead by focusing on collaboration. It may be a lot of work, but once you find the right balance that work can really pay off! Click the link for a great informational video on CPFR.
About the Author
Plex Team
Plex, by Rockwell Automation, is the leader in cloud-delivered smart manufacturing solutions, empowering the world’s manufacturers to make awesome products. Our platform gives manufacturers the ability to connect, automate, track and analyze every aspect of their business to drive transformation. The Plex Smart Manufacturing Platform includes solutions for manufacturing execution (MES), ERP, quality, supply chain planning and management, Industrial IoT and analytics to connect people, systems, machines, and supply chains, enabling them to lead with precision, efficiency and agility.
