A retailer wants to partner with its suppliers to implement automatic replenishment of inventories and...

For a retailer looking to partner with its suppliers to implement automatic replenishment of inventories and joint sales forecasts, Collaborative Planning, Forecasting, and Replenishment (CPFR) is the most suitable technology. This involves:

Joint Planning: CPFR enables retailers and suppliers to collaborate on planning and forecasting, ensuring that both parties have a shared understanding of demand and supply requirements.

Inventory Replenishment: By sharing data and forecasts, CPFR helps to automate inventory replenishment, reducing stockouts and excess inventory.

Data Integration: CPFR integrates data from various sources, providing a comprehensive view of the supply chain and improving decision-making.

Improved Accuracy: Collaboration between retailers and suppliers leads to more accurate forecasts and better alignment of supply with demand.

References

"Collaborative Planning, Forecasting, and Replenishment: How to Create a Supply Chain Advantage" by Dirk Seifert

APICS, "CPFR: Collaborate with Trading Partners to Achieve Supply Chain Excellence"