COURSES OFFERED FASHION DESIGNING INTERIOR DESIGN & DECORATION PRE - PRIMARY TEACHER’S TRAINING BEAUTY TREATMENTS FASHION DESIGNING CERTIFICATE COURSE (First Year) DIPLOMA COURSE (Sec- ond Year) Design and Fashion history Fashion language Art and Techniques of sketching Designing Inspiration and research Introduction to fashion illustration & application Fashion forecasting and Future trends Introduction to Drafting and pattern making Adaptation of high Fashion Varia- tions Apparel Manufacture & Design Fabric Construction Techniques Computer Aided Designing Advance apparel Construction ADVANCE DIPLOMA COURSE (Third Year) Principles of Export Finance and Customers Knowledge Fashion Brand Management Self Grooming Textile Science ...
Chapter Overview Introduce Business Forecasting. Review Subjective Forecasting Methods. Introduce two simple “Naive” Forecasting Models. Develop Criteria for Evaluating Forecast Accuracy Introduction What is forecasting? “Forecasting is an attempt to foresee the future by examining the past.” Forecasts require judgment Most estimates obtained in quality forecasting are derived in an objective and systematic fashion and do not depend solely on subjective guesses and hunches of the analyst. Forecasting and Decision Making Example: Decision to “Whether to build a new factory” Requires forecasts on Future demand, technological innovations, cost, prices, competitor’s plan, labor, legislation, etc. Most ...
Learning Objectives Role of forecasting in a supply chain Components of a demand forecast Demand forecasting using historical data Analysing forecast errors Managing demand/supply in a supply chain Forecasting with Excel 2 Role of forecasting Demand forecasts form the basis of all planning decisions in a supply chain Push: produce to anticipated demand levels Pull: set capacity and component availability levels Forecast time horizons Short term (days, weeks): shift scheduling Medium Term (weeks, months): workforce planning, materials purchasing, promotions Long term (months, years): capacity expansion, capital/financial budget 3 Characteristics of Forecasts Forecasts are always wrong! Expected value Error/variability from the ...
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