Where you are: Home pageYear 2013Issue (102) → Article:
AAA     ENG | POL

Hierarchical Sales Forecasting System for Apparel Companies and Supply Chains

General problems of the fibre and textile industries

Authors:

  • Lenort Radim
    Department of Economics and Management in Metallurgy, Faculty of Metallurgy and Materials Engineering, VŠB - Technical University of Ostrava, Ostrava-Poruba, Czech Republic
  • Besta Petr (j/w)

Download... PDF
Full text

Abstract:

The typical problems facing with apparel companies and supply chains are forecasting errors, because fashion markets are volatile and difficult to predict. For that reason, the ability to develop accurate sales forecasts is critical in the industry. There are several research studies related to forecasting apparel goods, but very often only for one level. However, apparel companies and supply chains deal with a number of levels at which the forecasts could exist and require consistent forecasts at all of them. The paper presents a hierarchical middle-term forecasting system designed for this purpose on the basis of a literature review. The system is built by the top-down forecasting approach and verified by means of a case study in a particular apparel company. The weaknesses of the system are identified during discussion of the results acquired. A generalised concept of the ANN forecasting model is designed for elimination these weaknesses.

Tags:

apparel company, hierarchical forecasting, sales forecasting, top-down approach, forecasting system.

Citation:

Lenort R, Besta P. Hierarchical Sales Forecasting System for Apparel Companies and Supply Chains. FIBRES & TEXTILES in Eastern Europe 2013; 21, 6(102): 7-11.

Published in issue no 6 (102) / 2013, pages 7–11.

CONTACT:

FIBRES & TEXTILES
in Eastern Europe
ul. Skłodowskiej-Curie 19/27,
90-570 Łódź, Poland
tel. (48-42) 638-03-14
e-mail: infor@ibwch.lodz.pl

EDITORIAL OFFICE
ul. Skłodowskiej-Curie 1927, 90-570 Łódź, Poland • tel.  (48-42) 638-03-14 • e-mail: infor@ibwch.lodz.plhttp://www.fibtex.lodz.pl

EDITORIAL DEPARTMENT
Editor-in-Chief Emilia Jaszczurska-Niedźwiedzka, V-ce Editor-in-Chief Marta Cyrczak, Text Editor Geoffrey Large, Assistant Editor Anna Wahl, Typesetting and Printed at Media-Press • Production IBWCh

facebook