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CPFR--Collaborative Planning, Forecasting and Replenishment is a set of business processes that entities in a supply...

CPFR--Collaborative Planning, Forecasting and Replenishment is a set of business processes that entities in a supply chain can use for collaboration on a number of retailer/manufacturer functions towards overall efficiency in the supply chain. CPFR seems to be the way of the future, however, there are also concerns about the approach. What is the future of CPFR? Will it be widely adopted in the future? Why or why not?

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CPFR--Collaborative Planning, Forecasting and Replenishment are adapted and used by many entities of supply chain to enhance the efficiency and go to build stronger relationships between buyer and suppliers. it helps in forecasting the future sales and orders, and to assign managers to meet the requirements and consider the needs of the buyer. The future of CFPR is going to be a boon and it will be used widely by many firms who are into supply chain or retailers/manufacturers. Because, of its efficiency and collaborative planning, firms can meet the required demand and helps in smooth operations with effective forecasting and helping the firms to stay profitable.

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