A new model in supply chain management:: Collaborative Planning, Forecasting and Replenishment (ID: 1-049)

Collaborative Planning, Forecasting and Replenishment (CPFR) is a new model in supply chain management. CPFR can help partners to establish more accurate forecasting and effective replenishment planning. It can increase sales and reduce inventory while maintaining high-level service and customer satisfaction hence enhancement the supply chain efficiency. Based on a series of business processes, the partners set up the sales and operational plans and these plans are updated by means of electronic communication, which improves the accuracy of planning and effectively reduces the costs, The paper gives the detailed analysis of CPFR model, the concept and characteristics of CPFR have been described, and it has analyzed and discussed the operation processes. It shows that the CPFR can efficiently resolve forecast exceptions, and introduces the status quo of research development of CPFR and the challenges of implementing CPFR.