Supply Chain Internal Improvement
Best Buy wants to improve vendor relations as well. "We're currently in the process of completing a pilot program with (Panasonic) for our CPFR (Collaborative Planning and Forecasting Replenishment), which is a VICS (Voluntary Interindustry Commerce Standards group) sponsored process for collaborating on forecasting," said Dow.
The collaboration allows the two companies to use i2 software to communicate more effectively on product shipment as well as conduct combined forecasting on the shipment of future goods. Speculated Dow, "It would invoke thoughts about vendor-managed inventory."