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ISM Exam INTE Topic 5 Question 26 Discussion
Actual exam question for
ISM's
INTE exam
Question #: 26
Topic #: 5
[All INTE Questions]
Topic #: 5
A large retailer and one of its suppliers establish a process to combine intelligence from both organizations in order to improve product availability while reducing inventory, transportation, and logistics costs. This process is known as which of the following?
Suggested Answer:
B
The process described is Collaborative Planning, Forecasting and Replenishment (CPFR), which involves both the retailer and supplier working together to improve product availability and reduce costs associated with inventory, transportation, and logistics. Reference: CPFR is a widely adopted strategy in supply chain management to enhance collaboration and optimize the supply chain.
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