Voluntary Inter-Industry Commerce Standards

CPFR is a trade initiative supported by the Voluntary Inter-industry Commerce Standards Association (VICS). CPFR was created in the mid-1990s to support the synchronisation of forecasting and planning between retailers and manufacturers. The integrative nature of this... 

Figure 4.10 presents a nine-step model for the implementation of CPFR programmes developed by the US-based organisation VICS (Voluntary Inter-Industry Commerce Standards). 

Collaborative planning, forecasting and replenishment The CPFR model has been defined as "a business practice that combines the intelligence of multiple partners in the planning and fulfilment of customer demand," by the Voluntary Inter-industry Commerce Association (VICS) (Chopra and Meindl, 2007, 466). The key aspect leading to a successful CPFR model is to build foundations on which channel members can synchronise their data and then establish standards for information exchange. 

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