Information sharing enables suppliers to respond to consumer demand more quickly by
appropriately scheduling the replenishment of the inventory. Continuous
Replenishment Program (CRP) and Vendor Managed Inventory
(VMI) are efforts in this direction. The savings in inventory holding and
shortage costs to Campbell Soup Company and its retailers because of
CRP have been documented in [8,21]. Information sharing often improves
the accuracy of demand forecasts, which enables a better price
structure, improved production scheduling, and better management of
consumer demand. Schemes such as Collaborative Forecasting and
Replenishment (CFAR) facilitate sharing of both long-term and shortterm
demand forecasts between manufacturers and retailers.
Replenishment Program (CRP) and Vendor Managed Inventory
(VMI) are efforts in this direction. The savings in inventory holding and
shortage costs to Campbell Soup Company and its retailers because of
CRP have been documented in [8,21]. Information sharing often improves
the accuracy of demand forecasts, which enables a better price
structure, improved production scheduling, and better management of
consumer demand. Schemes such as Collaborative Forecasting and
Replenishment (CFAR) facilitate sharing of both long-term and shortterm
demand forecasts between manufacturers and retailers.