Posts and Responses - Essay Example

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.