BMO 2201 Lecture Notes - Lecture 8: Integrated Operations, Enhanced Service, Outsourcing

• School: Victoria University
• Department: BMO
• Course: BMO 2201
• Professor: Dr Nick Billington

Document Summary

Collaborative planning, forecasting and replenishment (cpfr: cpfr coordinates the requirements planning process between supply chain partners for demand creation and demand fulfillment activities. Process initiated by the consumer products industry: developed to reduce unplanned and uncoordinated events that distort the smooth flow of product throughout the supply chain. Cpfr process steps: develop a joint business plan, create a joint calendar to determine product flow, create a common sales forecast based on shared knowledge of each trading partner"s plan. Share common forecast between retailer and suppliers. Use an iterative process to share the forecast and requirements plan: use the common sales forecast to develop. Basic relationships for cpfr illustrated in a retail situation. Forecasting: forecast is the specific definition of what is projected to be sold, when and where, forecasting is a critical capability. Many logistics and supply chain activities must be completed in anticipation of a sale: forecasting approaches to achieve enhanced service or reduced inventory.