Atlanta May 7 Logility, a supplier of B2B collaborative commerce solutions to power e-business and optimize supply chains, today announced that Staples Inc. has selected Logility Voyager Collaborate to conduct a collaborative planning, forecasting and replenishment (CPFR) pilot with key suppliers to enhance forecast accuracy, improve cycle times and reduce inventory throughout its domestic operations and supply chain.
"We believe that working collaboratively with our key suppliers will lead to supply chain improvements that improve the accuracy as it relates to forecasts and help us better understand customer demand," said Doreen Romano, senior vice president of Merchandising Planning Support for Staples.
"To achieve a renewable competitive advantage, retailers must optimize forecast planning, logistics services and supplier relationship management through collaboration," stated Mike Edenfield, Logility CEO. "Logility Voyager Collaborate facilitates the CPFR business process that defines collaboration between trading partners delivering measurable results and a more proactive supply chain."
Collaborative planning, forecasting and replenishment (CPFR) is a nine-step business process defined by the Voluntary Interindustry Commerce Standards (VICS) Association to reduce inventories and expenses while maintaining high levels of customer service. The business processes central to this program involve collaboration between retailers and suppliers on forecasting data that helps drive towards a single shared forecast of customer demand. This forecast becomes the foundation for integrating value-added supply activities across the value chain. The collaborative demand planning and integrated supply management is further enabled through custom processes that leverage the particular strengths of each trading partner.