Assist with HW questions. at least one paragraph per answer a) From the Web, find a definition
Question:
Assist with HW questions. at least one paragraph per answer
a) From the Web, find a definition of VMI (Vendor Managed Inventory) and CPFR Collaborative Planning Inventory Replenishment. Briefly summarize how each works. Provide the web site address (URL).
b) What can be the advantages of VMI from a supplier point of view? Why would the supplier have concerns about VMI?
c) How can CPFR increase forecasting accuracy beyond the capabilities of VMI?
d) How can CPFR serve to further enhance the relationship between a supplier and retailer?
e) From the Web, find an example of VMI (Vendor Managed Inventory). Your example can be a company practicing VMI, a company providing VMI consulting services, or an article about VMI. Briefly summarize this example. Provide the web site address (URL) and a copy of the source document (minimum of one page from the web site.