A Comparative Study on Fashion Demand Forecasting Models with Multiple Sources of Uncertainty

Fast fashion is a timely, influential and well observed business strategy in the fashion retail industry. An effective fast fashion supply chain relies on quick and competent forecasts of highly volatile demand that involves multiple stock keeping units. However, there are multiple sources of uncertainty, such as market situation and rapid changes of the fashion trends, which makes demand forecasting more challenging. Therefore, it is crucial for the fast fashion companies to carefully select the right forecasting models to thrive and to succeed in this ever changing business environment. In this study, we first review a selected set of computational models which can be applied for fast fashion demand forecasting. We then perform a real sale data based computation analysis and discuss the strengths and weaknesses of these versatile models. Finally, we conduct a survey to learn about the perceived importance of different demand forecasting systems’ features from the fashion industry. Finally, we rank the fast fashion demand forecasting systems using the AHP analysis and supplement with important insights on the preferences on the demand forecasting systems of different groups of fashion industry experts and supply chain practitioners

A Review of RFID in Supply Chain Management: 2000–2015

This paper presents a systematic literature review of papers that were published in academic journals on the applications of radio frequency identification (RFID) in supply chain management between the years 2000 and 2015. As the literature on RFID is not confined to specific disciplines or repositories, this paper proposes a discipline-based framework for classifying RFID literature. Five main classification categories are used in this paper: technology, supply chain management, research methodology, application industries, and social aspects. The paper then focuses on the category of supply chain management and reviews 1187 articles that were published between 2000 and 2015 in rated journals. All the papers reviewed are further classified into eight subclasses under this category of supply chain management. The review yields useful insights into the anatomy of RFID literature in supply chain management, enhances evidence-based knowledge, and contributes to informing practice, policymaking and future research. The review reveals that even presently, despite technical and cost challenges, enormous potential exists for the application of RFID in several areas of supply chain management and the prospects are likely to grow into the future. Since RFID solutions have emerged primarily over only the past 20 years, significant research opportunities exist and would need to be addressed to continue to support the technology’s maturation, evaluation, adoption, implementation, and diffusion