APICS Exam CLTD Topic 7 Question 54 Discussion

Actual exam question for APICS's CLTD exam

Question #: 54
Topic #: 7

[All CLTD Questions]

A company is considering implementing collaborative planning, forecasting, and replenishment (CPFR). Which of the following statements best reflects one of the objectives of CPFR?

AIt represents a sequence of business processes between consumers and retailers.

BIt replaces traditional forecasting methods with a shared single forecast among trading partners.

CIt represents a sequence of business processes within the manufacturing environment.

DIt replaces traditional inventory management procedures with a vendor-managed inventory (VMI) system.

Show Suggested Answer

Suggested Answer: A

by Brittni at Jan 09, 2023, 08:34 AM

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Rosalyn

28 days ago

Option A is too basic, CPFR is more than just a sequence of processes between consumers and retailers. B captures the essence of collaborative forecasting and planning.

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Shaun

4 days ago

Traditional forecasting methods are being replaced with a shared forecast, that's why option B is the right answer.

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William

8 days ago

CPFR is all about sharing a single forecast among trading partners, so option B makes sense.

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Sommer

9 days ago

I agree, option B is the best choice for the objective of CPFR.

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Susana

1 months ago

Haha, Option C made me laugh. As if CPFR is only for the manufacturing guys, not the whole supply chain! Nice try, but B is clearly the way to go.

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Polly

21 days ago

User 1: I agree, Option C doesn't seem right. CPFR is for the whole supply chain.

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Dulce

2 months ago

I was leaning towards Option D, as CPFR is often associated with vendor-managed inventory systems. But I guess B is the more accurate statement.

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Mike

1 months ago

I agree, Option B is the best reflection of one of the objectives of CPFR.

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Lisbeth

1 months ago

I think B is the correct answer. CPFR aims to replace traditional forecasting methods with a shared single forecast among trading partners.

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Isadora

2 months ago

Option B seems to be the correct answer. CPFR is all about sharing forecasts and collaborating between trading partners, not just within a manufacturing environment.

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Tomas

13 days ago

Implementing CPFR can definitely help improve communication and efficiency between trading partners.

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Bok

17 days ago

That's right, CPFR is all about collaboration and improving forecasting accuracy.

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Shantay

1 months ago

Yes, CPFR aims to replace traditional forecasting methods with a shared single forecast among trading partners.

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Asha

1 months ago

I agree, option B is the best choice. CPFR is all about sharing forecasts.

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Chauncey

2 months ago

I believe CPFR can also help in reducing lead times and improving overall supply chain visibility.

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Ria

2 months ago

I agree with Colene. Having a shared forecast can help improve accuracy and efficiency in planning.

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Colene

2 months ago

I think the objective of CPFR is to replace traditional forecasting methods with a shared single forecast among trading partners.

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