USA: Food retailers and suppliers use Agribuys' Technology to enable collaborative panning, forecasting and replenishment
The old business strategy of not revealing one's hand is giving way to the idea that sharing between partners is better. Buying groups and suppliers are turning to a relatively new concept called Collaborative Planning, Forecasting and Replenishment (CPFR), which utilizes the power of collaboration between trading partners to increase sales, boost efficiency, reduce fixed assets and working capital, and reduce inventory for the entire supply chain - all while better satisfying consumer needs.
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