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Date: Tuesday, June 19, 2012 Time: 11:30 a.m. EST Location: From your laptop Registration: Now open Cost: Complimentary
For 25 years the Voluntary Interindustry Commerce Solutions (VICS) has spearheaded numerous technical and business process innovations that have provided value for consumers and trading partners. VICS created and trademarked the widely used VICS Collaborative Planning, Forecasting and Replenishment (CPFR®) business process, with which numerous trading partners share insights and capabilities to deliver better products and assortments while reducing supply chain costs – all from a willingness to act from collaborative rather than “silo” mindsets to seek win-win solutions.
Today, VICS is driving the implementation of two key technical solutions: 1) VICS Item Level RFID Initiative (VILRI), and 2) Store Level Distribution Resource Planning (DRP). Recent experience, research and technical advances have brought both of these key initiatives to commercial viability.
The VICS CPFR guideline develops the case for retailers and manufacturers to implement new industry practices, which enable them to:
Create a bottoms-up model of the retail business that projects forecasted sales, shipments, receipts and inventories at all stores and DCs over a 12-month or longer rolling planning horizon.
Share accurate forecasts of future orders, called supplier schedules, with manufacturers.
Create retail closed loop planning by tightly managing the tolerances between the bottoms up model of the business and the retailer’s top down strategies and financial plans.
Accomplish closed loop supply chain planning with manufacturers who agree to build products as forecasted and who commit to protect product availability for retailers who share these forecasts.
During this webinar you will hear industry experts and VICS guideline co-authors:
Discuss the high level practices defined in the guideline
Highlight the value proposition of adopting the new best practices
Review technology capabilities that should be considered for deploying the new best practices.
Fred Baumann Vice President, Industry Strategy JDA Software Group, Inc.