Prior to beginning work on this discussion, read Chapters 6 and Chapter 7 of your course text, and the CPM Scheduling – How Industry Views Its Use article.
Consider the advantages and disadvantages of using collaborative planning, forecasting, and replenishment (CPFR) in managing production and purchasing processes. What are the advantages and the disadvantages of CPFR? What sorts of businesses would gain the greatest benefit from using CPFR?
Added Guidance: What is CPFR and how does it relate to me?
Collaborative planning, forecasting and replenishment (CPFR) is it common strategic planning tool use by operations managers to ensure supplier product or services by vendors across time to ensure and adequate supply without substantially increasing inventories.
I recommend viewing this 2:47 video for a quick overview of CPFR before attempting to respond to the discussion in the forum.
Dr. Mike Reilly, Professor
The Forbes School of Business & Technology