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Posts and Responses - Essay Example

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Summary

The essay "Posts and Responses" states that B2B or business-to-business transactions are becoming a greater part of the economy and because of this, organizations have the increasing need to depend on each other. I have also learned of the CPFR concept of the process of collaborative planning…

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Subject: Management
Type: Essay
Level: Ph.D.
Pages: 1 (250 words)
Downloads: 3
Author: cassinblaze

Extract of sample "Posts and Responses"

Your example, Wal-Mart, is one prime player of CPFR practices. Response to Candice: I am impressed by your post, Candice. You made a very comprehensive review of collaborative planning and I gained some insights from them. Indeed, collaborative planning is a good practice among businesses because of the level of uncertainties that it is able to eliminate. Although I don’t think that it totally eliminates the need for forecasting, but it does reduce the errors in the estimation that a business needs to make.

It was also good of you to note down the three techniques for collaborative inventory replenishing. Quick response, vendor-managed inventory, and profile replenishment help companies to significantly reduce cost and cycle time in business transactions.

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