Chapter 18
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What is the term for forecasts used for making day-to-day decisions about meeting demand?
Tactical forecasts are used for making day-to-day decisions about meeting demand.
What is the first step in CPFR?
The first step in CFPR is creation of a front-end partnership agreement.
Often, firms will work with their partners across the supply chain to develop forecasts and execute production and distribution between the partners. What technique does this describe?
When firms collaborate with their supply chain partners in this manner, it is commonly called collaborative planning, forecasting, and replenishment (CPFR).