CESP 40110 - Lean Supply Chain Management

CEU: (.3 )

Current technologies offer supply chain partners the ability to develop collaborative plans in a “pull” manner. Retail level point-of-sale (POS) technology can capture demand as it occurs. Data mining can detect the early onset of demand trends. Collaborative Planning, Forecasting, and Replenishment (CPFR) can be used for communicating demand information, collaborative forecast development, and for developing replenishment plans. These technologies can (1) better enable supply chain partners to share and agree upon joint forecasts and to ultimately synchronize production planning, purchasing, and inventory allocation decisions across a supply chain and (2) offer an enhanced ability for supply chain trading partners to operate in a Lean manner.