Collaborative Planning, Forecasting and Replenishment (CPFR) is an approach which aims to enhance supply chain integration by supporting and assisting joint practices. ... This allows for continuous updating of inventory and upcoming requirements, making the end-to-end supply chain process more efficient.

What is the replenishment process?

Simply put, replenishment is the process of re-ordering in-demand inventory that is low or out-of-stock. The purpose of replenishment is to ensure that a retailer has the right quantity of product, at the right location, at the right time to maximize sales and minimize costs.

What does Replen mean in retail?

Replenishment is an area within operations where retailers can find an edge to beat the competition and delight the customer. Dictionaries define Replenishment as “filling again by supplying what has been used up.” This definition does not adequately address the business conditions in retail inventory management.