Collaborative planning, forecasting and replenishment (CPFR) processes should be a key part of every forecasting professional’s toolkit. CPFR can drive external alignment with customers and improve forecasting accuracy by increasing visibility to partner forecasts, order patterns and retail factors. If executed effectively, CPFR can provide deeper insights into the business (such as qualitative and quantitative store cluster and geographic information) and facilitate development of more effective sales strategies. In addition, CPFR can optimize inventory levels for both vendor and retailer as both sides work to improve end to end operational efficiencies.
You will learn:
When to use CPFR to drive improved operational metrics.
How to set up a model CPFR process
Expected operational, sales and indirect benefits of CPFR
How to integrate CPFR into existing forecasting and S&OP processes
Possible next steps in the evolution of CPFR
06:00 - 06:30
Registration and Networking
06:30 - 06:45
IBF NY Metro Chapter Overview
06:45 - 07:30
Presentation by Mark Temkin: "Using CPFR to Improve Planning"
07:30 - 07:45
07:45 - 09:00
(Optional Networking Location TBA)
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Sr. Director of Forecasting
Hain Celestial Group, Inc.
Mark Temkin has over 20 years of management experience in demand planning, supply chain operations and business strategy in the consumer products, high-tech and apparel industries. He currently manages the demand planning function for Hain Celestial’s U.S. natural foods and personal care businesses. Prior to Hain, Mark worked in the high-tech sector both at Samsung Electronics and Barnes & Noble’s Nook device division. He has developed expertise in reengineering demand planning functions, implementing new systems and leveraging S&OP and CPFR processes to drive forecasting accuracy, service level improvements and inventory optimization. He is an active member of IBF as panel expert, moderator and chapter event host. Mark has a BA in political science from Johns Hopkins University and a MBA in Finance from NYU’s Stern School of Business.
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