Challenges and Strategies for Sales Prediction in Apparel Industry

International Journal of Computer Science and Engineering
© 2019 by SSRG - IJCSE Journal
Volume 6 Issue 8
Year of Publication : 2019
Authors : Ayesha Saleem, Somia Ali, Iraj Anjum, Fatima Anwar

pdf
How to Cite?

Ayesha Saleem, Somia Ali, Iraj Anjum, Fatima Anwar, "Challenges and Strategies for Sales Prediction in Apparel Industry," SSRG International Journal of Computer Science and Engineering , vol. 6,  no. 8, pp. 7-11, 2019. Crossref, https://doi.org/10.14445/23488387/IJCSE-V6I8P102

Abstract:

The apparel industry facing many challenges while predicting future sales of clothing items. This paper conducts a comprehensive review of all challenges and problems faces by textile industry. Some least considered factors in literature mentioned thoroughly to get intention of researchers toward them. Then discuss some proposed algorithms to face these challenges of sales prediction in apparel industry. Some future requirements and area of demanding researches also describe by concluding literature review.

Keywords:

Textile Industry, Artificial Intelligence, Sales Forecasting, Literature Review.

References:

[1] N. S. Arunraj and D. Ahrens, "A hybrid seasonal autoregressive integrated moving average and quantile regression for daily food sales forecasting," Int. J. Prod. Econ., vol. 170, pp. 321–335, 2015.
[2] A. A. Nuworkpor, "European Journal of Social Sciences Studies CHALLENGES FACING THE MARKETING OF FASHION PRODUCTS IN GHANA : CASE STUDY OF FASHION BUSINESSES IN HO MUNICIPALITY," pp. 87–109, 2018.
[3] O. Abbas, K. Shahzad, G. Ali, and U. Sarwar, "Issues on Sales Forecasting for Apparel Industry," vol. 4, no. 4, pp. 183–191, 2017.
[4] Z. X. Guo, W. K. Wong, S. Y. S. Leung, and M. Li, "Applications of artificial intelligence in the apparel industry: A review," Text. Res. J., vol. 81, no. 18, pp. 1871–1892, 2011.
[5] M. Fisher and K. Rajaram, "Accurate Retail Testing of Fashion Merchandise : Methodology and Application," vol. 19, no. 3, pp. 266–278, 2000.
[6] C. Ching-chin, A. Ieong, K. Ieng, W. Ling-ling, and K. Ling-chieh, "Expert Systems with Applications Designing a decision-support system for new product sales forecasting," Expert Syst. Appl., vol. 37, no. 2, pp. 1654–1665, 2010.
[7] H. Huang, "Intelligent Retail Forecasting System for New Clothing Products Considering Stock-out," vol. 1, no. 121, pp. 10–16, 2017.
[8] J. K. C. Lam, "Textile and apparel supply chain management in Hong Kong," vol. 18, no. 4, pp. 265–277, 2006.
[9] T. Higuchi and M. D. Troutt, "Dynamic simulation of the supply chain for a short life cycle product — Lessons from the Tamagotchi case," vol. 31, pp. 1097–1114, 2004.
[10] N. B. Kamath and R. Roy, "Capacity augmentation of a supply chain for a short lifecycle product : A system dynamics framework," vol. 179, pp. 334–351, 2007.
[11] S. D. Wu et al., "Managing Short Life-Cycle Technology Products for Agere Systems," no. August 2016, 2006.
[12] A. I. N. Press, "The US fashion industry : A supply chain review," vol. 114, pp. 571–593, 2008.
[13] A. De Toni and A. Meneghetti, "The production planning process for a network of " rms in the textile-apparel industry," vol. 65, p. 5273, 2000.
[14] L. Sztandera, C. Frank, and B. Vemulapali, Predicting Women’s Apparel Sales by Soft Computing, vol. 3070. 2004.
[15] S. Thomassey, M. Happiette, and J. Marie Castelain, A short and mean-term automatic forecasting system - Application to textile logistics, vol. 161. 2005.
[16] T. Efendigil, S. Önüt, and C. Kahraman, A decision support system for demand forecasting with artificial neural networks and neuro-fuzzy models: A comparative analysis, vol. 36. 2009.
[17] S. Thomassey, "Sales Forecasting in Apparel and Fashion Industry : A Review," pp. 9–28.
[18] A. A. Gharde, "Influence of Factors on Clothing Sales and its Future Trend," J. Text. Apparel, Technol. Manag., vol. 10, no. 2, 2016.
[19] C. Mascle and J. Gosse, Inventory management maximization based on sales forecast: Case study, vol. 25. 2014.
[20] J. A. Mark and H. Z. Ahmadovich, "Journal of Accounting & Panel Researching in Study of the Competitive Environment in Clothing Market," vol. 6, no. 3, 2017.
[21] G. M. Fratto, M. R. Jones, and N. L. Cassill, "An investigation of competitive pricing among apparel retailers and brands," no. June, 2014.
[22] V. Kumar, "Forecasting performance of market share models:an assessment, additional insights, and guidelines," Int. J. Forecast., vol. 10, no. 2, pp. 295–312, 1994.
[23] V. Pilinkien, "Market Demand Forecasting Models and their Elements in the Context of Competitive Market," vol. 5, no. 5, pp. 24–31, 2008.
[24] M. Happiette, "A neural clustering and classification system for sales forecasting of new apparel items," vol. 7, pp. 1177–1187, 2007.
[25] F. M. Tseng, H. C. Yu, and G. H. Tzeng, "Applied hybrid grey model to forecast seasonal time series," Technol. Forecast. Soc. Change, vol. 67, no. 2–3, pp. 291–302, 2001.
[26] R. Lenort and P. Besta, "Hierarchical Sales Forecasting System for Apparel Companies and Supply Chains," pp. 7–11.
[27] R. J. Hyndman, E. Robhyndmanmonashedu, R. A. Ahmed, E. Romanahmedmonashedu, E. Georgeathanasopoulosmonashedu, and H. L. Shang, "Optimal combination forecasts for hierarchical time series Optimal combination forecasts for hierarchical time series," no. September, 2010.
[28] P. M. Yelland, "Forecasting Demand for Fashion Goods : A Hierarchical Bayesian Approach," no. 1999, 2013.
[29] S. Thomassey, M. Happiette, and J. M. Castelain, "Textile items classification for sales forecasting Exploitation of manufacturing dynamical data for modeling, simulation and optimization of textile processes by using intelligent techniques View project Sébastien Thomassey Ecole d’ingénierie et d’innovat."
[30] M. Xia and W. K. Wong, "Knowledge-Based Systems A seasonal discrete grey forecasting model for fashion retailing," Knowledge-Based Syst., vol. 57, pp. 119–126, 2014.
[31] A. Farooqi, ARIMA MODEL BUILDING AND FORECASTING ON IMPORTS AND EXPORTS OF PAKISTAN, vol. 10. 2014.
[32] D. Paraschiv, C. Tudor, and R. Petrariu, "Holt – Winters Forecasting Investigation for the Eastern," pp. 1280–1291, 2015.
[33] "Forecasting Women’s Apparel Sales Using Mathematical Modeling," vol. 10, no. November, pp. 1–10, 2003.
[34] M. Scherer, "Multi-layer neural networks for sales forecasting," J. Appl. Math. Comput. Mech., vol. 17, no. 1, pp. 61–68, 2018.
[35] F. Lima and C. Universitário, "Sales demand forecasting in a textile factory using artificial neural network."
[36] Y. S. A. Modeller, İ. Y. L. E. Türk, İ. Y. E. N. İ. N. Almanya, P. İ. Hracatinin, and Ö. İ. L. İ. Rl, "THE PREDICTION OF TURKEY ’ S DENIM TROUSERS EXPORT TO GERMANY WITH ANN MODELS," no. October 2011, 2018.
[37] S. E. E. Profile, "Mean-term Textile Sales Forecasting Using Families and Items Classification," no. January 2003, 2014.
[38] S. Thomassey, M. Happiette, N. Dewaele, I. Textiles, M. Happiette, and N. Dewaele, "The Journal of The Textile A Short and Mean Term Forecasting System Adapted to Textile Items ’," no. January 2015, pp. 37–41.
[39] W. Duch, R. Setiono, and S. Member, "Computational Intelligence Methods for Rule-Based Data Understanding," vol. 92, no. 5, 2004.
[40] M. Last and O. Maimon, A Compact and Accurate Model for Classification, vol. 16. 2004.
[41] P. G. Zhang, "Time series forecasting using a hybrid ARIMA and neural network model," Neurocomputing. 2003.
[42] W. K. Wong and Z. X. Guo, "Int . J . Production Economics A hybrid intelligent model for medium-term sales forecasting in fashion retail supply chains using extreme learning machine and harmony search algorithm," Intern. J. Prod. Econ., vol. 128, no. 2, pp. 614–624, 2010.
[43] T. Sébastien, H. Michel, and C. Jean-Marie, "Mean-term Textile Sales Forecasting Using Families and Items Classification Exploitation of manufacturing dynamical data for modeling, simulation and optimization of textile processes by using intelligent techniques View project Sébastien Thomassey Ecole ."
[44] S. Thomassey, M. Happiette, and J. M. Castelain, "A global forecasting support system adapted to textile distribution," Int. J. Prod. Econ., 2005.
[45] A. Fallah Tehrani and D. Ahrens, "Enhanced predictive models for purchasing in the fashion field by using kernel machine regression equipped with ordinal logistic regression," J. Retail. Consum. Serv., vol. 32, pp. 131–138, 2016.