COLLABORATIVE PLANNING, FORECASTING, AND REPLENISHMENT (CPFR)

This is an advanced survey course that is designed to give a broad introduction to Collaborative Planning, Forecasting, and Replenishment (CPFR) systems as practiced by many world class retail (and other) organizations.  Collaborative planning, forecasting, and replenishment (CPFR) is a Vendor managed inventory (VMI) arrangement in which both buyer and supplier share internal information to integrate their plans, forecasts, and delivery schedules to ensure a smooth flow of goods and services as they are needed.

 The “Official” Voluntary Interindustry Commercial Standards (VICS) definition is “A shared process of creation between two or more parties with diverse skills and knowledge delivering a unified approach that provides the optimal framework for customer satisfaction.”

 CPFR LEARNING OBJECTIVES

 At the completion of this four week online course, students will be able to explain:

• Collaborative Commerce Dynamics
• Collaborative Commerce Barriers
• The CPFR® Process/Reference Model
• CPFR® Benefits to the implementing businesses
• Globalization of CPFR® 
• VICS & VICS CPFR® Committees
• How Standards Enable Collaborative Commerce
• The 4 CPFR activities
• The 8 CPFR collaborative steps
• How various retailers have implemented CPFR
• How the Federal Government (US Army) has implemented CPFR
• How Europe and China have implemented CPFR
• The factors for success in CPFR implementation