Abstract
With the use of IT, the nature of business processes has changed from intra- to cross-enterprise. This has significantly altered enterprise interactions with suppliers and customers. Collaboration is essential for successful supply chain performance. In recent years a variety of initiatives have been adopted by industries. These attempted to create efficiency and effectiveness through integration of the activities and processes. However, enterprises can only gain significant benefits by mass collaboration. Collaborative Planning, Forecasting and Replenishment (CPFR), which result in deeper partnerships, have become an important factor in supply chains. We investigated the performance of CPFR; it possesses formalized guidelines and is a relatively new initiative. By using simulation, we investigated four CPFR alternatives that are used in the adoption of collaboration strategies in industries. Retailers have traditionally played the hub role in supply chains in order to reduce the bullwhip effect, but our simulation confirmed that shifting the retailer (buyer-driven) collaboration to a manufacturer (supplier-driven) approach was a more viable option.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.