Electronic Fan

EXECUTIVE SUMMARY The initial manufacturing of electric fans originated from India approximately in the year 1921. This growing industry entails the assembling and completion of various fans, such as ceiling fan, table fans, wall fans, pedestal fans, exhaust fans among many other types, with ceiling fans dominating the market demand. The challenge within the industry is unfortunately decreasing. As the peak season of production arises there is a shortage in the component supply (Sridharan, 2009). In efforts to recertify this growing concern a short term forecast and demand pattern analysis was completed by Ravi Kumar upon the requested of the local fan manufacturers association (Sridharan, 2009). Considering all known factors, unknown factors in conjunction with the testing of three forecasting methods to determine the smallest error; the regression analysis was most feasible. After a thorough evaluation of the case, it is conclusive that the regression analysis predicts a long term increase in demand; therefore an investment to increase production should be implemented to meet this demand. BACKGROUND As stated earlier, the manufacturing of electric fan started in India during the 1920’s. The booming growth in the fan industry was not until after India’s independence on 15 Aug 1947 (Shah, 2012). The popular company known as Orient Fans, is the largest manufacture and one the largest brands in India, dating back as far as the 1940’s (Orientfans, 1997). Like any developing industry,, manufacturing competitors were emerging across the country from both a large and small scale units. Popular names such as: Jay Engineering Works started in the 1950’s, Khaitan, Polar, Crompton Greaves, Bajaj among many others (Sridharan, 2009).. As the industry expounded Kolkata was the major production centre during the fifties however by the nineties Hyderabad was the largest ceiling fan manufacture centre in the country although Jay Engineering Work, Kolkata