In recent years some companies have begun to work closely with their customers and/or suppliers by sharing information to develop demand plans and execute those plans. The procedure they are following is known as:
A. Coordinated foreplanning of requirements.
B. Joint planning of demand forecasts.
C. Collaborative planning, forecasting, and replenishment.
D. Conjoint analysis and forecasting.
C. Collaborative planning, forecasting, and replenishment.
Explanation:
Collaborative planning, forecasting, and replenishment is a process for sharing information and plans with supply chain partners.
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