Pros and Cons Evaluation.
Pros and Cons Evaluation
Collaborative planning, replenishing systems and forecasting digs at building a base for improvement of supply chains integration by joint practices supplementation. The information exchanged in CPFR, helps in creation of the best practices to come up with strategies that best suits customer satisfaction.
This process goes hand in hand with reduced merchandising processes that helps in updating inventory on a daily basis making it easy for supply chain to be effective.
On the disadvantages, there is not a lot to discuss. The control and security of data is shared. This means that standardization of information is made possible.