This document discusses key decision areas in agribusiness related to inputs, processes, and outputs. It covers several topics:
1. Introduction to the importance of agriculture and agribusiness in India.
2. Agricultural input decisions including seeds, fertilizers, machinery, and credit that fuel agricultural production.
3. Processing decisions around converting raw commodities into higher value processed goods and managing related functions.
4. Product decisions regarding the product mix, individual product positioning, and extending product lines.
5. Production planning for manufacturing processes, addressing seasonality and perishability of agricultural commodities.
6. Packaging decisions to protect products during handling, transportation, and long-term storage
Distinctive features of agribusiness management and the importance of good ma...Teshale Endalamaw
This document discusses agribusiness management and the importance of good management. It defines agribusiness and outlines its key components and objectives. Agribusiness management is described as a combination of agriculture, business, and management. The 7S framework is presented as a model for agribusiness management. Distinctive features of agribusiness management include the variety of businesses involved and their small sizes. Good management requires skills like technical expertise, conceptual thinking, and human relations.
Introduction to agricultural value chains and supply chain managementILRI
Presented by Karl M. Rich at the Training program for “Methods for livestock value chain analysis: Qualitative and quantitative methods”, ILRI, Nairobi, 1 July 2013
Farm management involves making strategic decisions about how to organize and operate a farm to maximize sustainable profits. There are three main types of farm management decisions: organizational decisions, which involve determining what and how much to produce, as well as strategic decisions about farm size and infrastructure; administrative decisions around financing, supervision, and record keeping; and marketing decisions regarding buying farm inputs and selling farm outputs, including when, where, and to whom to sell. Making good decisions is essential to the sustainable profitability and success of a farm business over time.
This document discusses farm planning and budgeting. It provides information on:
- What a farm plan is and its objectives to maximize profits through efficient resource use.
- The process of farm planning which involves allocating resources, choosing crop combinations, and making adjustments.
- Components and steps of farm planning like preparing maps, recording farm history, and planning labor needs.
- Types of budgets including partial, enterprise, cash flow, and complete budgets. Budgets estimate costs, returns, and profits to evaluate plans and guide resource use.
This presentation highlights the overview and subsidiaries of the agro and food processing sector in India & Gujarat. It details the major initiatives taken up by the government in terms of policies as well as infrastructure to promote industries and investments in the sector.
This document provides an introduction to agribusiness management. It discusses the nature and scope of agribusiness, important requisites for success, types of agro-based industries including processing, manufacturing, inputs, and services. It also outlines characteristics, institutional arrangements, and constraints of agribusiness. The key tasks ahead are coordination between industries and research, studying existing units, training entrepreneurs, and establishing technical guidance cells.
The document discusses agribusiness and marketing. It defines agribusiness as the complex system involved in bringing food and fiber to consumers, including farming as well as suppliers, processors, wholesalers, retailers, and transporters. Marketing serves important functions in agribusiness like facilitating exchange between producers and consumers and adding value through processing and transportation. Effective marketing requires understanding consumer needs and involves planning, organizing, directing, and controlling activities.
Distinctive features of agribusiness management and the importance of good ma...Teshale Endalamaw
This document discusses agribusiness management and the importance of good management. It defines agribusiness and outlines its key components and objectives. Agribusiness management is described as a combination of agriculture, business, and management. The 7S framework is presented as a model for agribusiness management. Distinctive features of agribusiness management include the variety of businesses involved and their small sizes. Good management requires skills like technical expertise, conceptual thinking, and human relations.
Introduction to agricultural value chains and supply chain managementILRI
Presented by Karl M. Rich at the Training program for “Methods for livestock value chain analysis: Qualitative and quantitative methods”, ILRI, Nairobi, 1 July 2013
Farm management involves making strategic decisions about how to organize and operate a farm to maximize sustainable profits. There are three main types of farm management decisions: organizational decisions, which involve determining what and how much to produce, as well as strategic decisions about farm size and infrastructure; administrative decisions around financing, supervision, and record keeping; and marketing decisions regarding buying farm inputs and selling farm outputs, including when, where, and to whom to sell. Making good decisions is essential to the sustainable profitability and success of a farm business over time.
This document discusses farm planning and budgeting. It provides information on:
- What a farm plan is and its objectives to maximize profits through efficient resource use.
- The process of farm planning which involves allocating resources, choosing crop combinations, and making adjustments.
- Components and steps of farm planning like preparing maps, recording farm history, and planning labor needs.
- Types of budgets including partial, enterprise, cash flow, and complete budgets. Budgets estimate costs, returns, and profits to evaluate plans and guide resource use.
This presentation highlights the overview and subsidiaries of the agro and food processing sector in India & Gujarat. It details the major initiatives taken up by the government in terms of policies as well as infrastructure to promote industries and investments in the sector.
This document provides an introduction to agribusiness management. It discusses the nature and scope of agribusiness, important requisites for success, types of agro-based industries including processing, manufacturing, inputs, and services. It also outlines characteristics, institutional arrangements, and constraints of agribusiness. The key tasks ahead are coordination between industries and research, studying existing units, training entrepreneurs, and establishing technical guidance cells.
The document discusses agribusiness and marketing. It defines agribusiness as the complex system involved in bringing food and fiber to consumers, including farming as well as suppliers, processors, wholesalers, retailers, and transporters. Marketing serves important functions in agribusiness like facilitating exchange between producers and consumers and adding value through processing and transportation. Effective marketing requires understanding consumer needs and involves planning, organizing, directing, and controlling activities.
This document discusses the history and current state of agricultural extension services in Malawi, as well as ideas for improving extension efforts going forward. It notes that agriculture is the main livelihood for most Malawians but productivity needs to increase. The history of extension involved different approaches, and currently extension aims to be demand-driven and pluralistic. Challenges include lack of coordination, coverage, and training. The document recommends strengthening partnerships between farmers, researchers, and extension providers to improve market-oriented, coordinated extension services nationwide.
A shift from agriculture to agribusiness is an essential pathway to bring change or make revolution in Indian agriculture and to make more attractive and profitable venture. Agripreneurship has the potential to contribute to a range of social and economic development such as employment generation, poverty reduction and improvements in nutrition, health and overall food security in the national economy. Agripreneurship has got power to generate growth, diversifying income, providing widespread employment and entrepreneurial opportunities in rural areas.
REFERENCES :
1. http://www.businessmanagementideas.com/agripreneurship-2/agripreneurship-india-business/17511
2. http://www.ijsrp.org/research-paper-0314/ijsrp-p2770.pdf
3. https://www.thebetterindia.com/125044/5-agri-startups-farmers/
Difference between agricultural product and industrial productShubham Garg
Agricultural and industrial products differ in several key ways:
1. Agricultural products are highly perishable and their production depends on seasons, whereas most manufactured products are non-perishable with constant year-round supply.
2. Farm products are bulkier and more difficult to store and transport compared to manufactured goods, which have a more consistent quality and supply.
3. Agricultural output varies in quality and is scattered and irregular, making supply estimation challenging, while industrial production has more uniform quality and supply.
Introduction to agribusiness marketingDaisy Ifeoma
This chapter is intended to help the students understand how agribusiness came into being, the size and importance of the agribusiness sector, the conflicting needs of the players in this sector and most importantly, the relevance of marketing to the agricultural and food sectors.
value addition and processing of agri-productssurabhi mishra
- The document discusses opportunities and challenges for value addition and processing of agricultural products in India.
- It outlines high levels of post-harvest losses on farms and in supply chains, as well as low levels of agro-processing and value addition compared to other countries.
- The document advocates for strategies like expanding processing levels, modernizing food processing sectors, and promoting seamless value chains to reduce losses and add more value to agricultural commodities in India.
This document summarizes a presentation on how to double farmer's income in India. It discusses that the past strategy of increasing agricultural output did not focus on raising farmer's income. It identifies key sources of increasing farmer's income both within and outside of agriculture, including improving productivity, diversifying crops, and shifting to higher value crops. The presentation specifically focuses on the potential of diversifying to microgreens, discussing how they can be profitably grown and providing a case study of a chef who started a successful microgreens business in India.
It is an introduction to agribusiness which includes the short history of evolution of the agribusiness, its importance, scope or areas of agribusiness. It also includes the distinctive features of agribusiness management.
This document discusses the importance of agri-business management. It defines agri-business as the business of agricultural production, including activities like crop production, marketing, and processing. It also defines management as the process of planning, organizing, leading, and controlling a business to achieve objectives. Agri-business management is described as making business decisions for agricultural production to maximize net income while meeting personal objectives. The document lists several ways that agri-business management helps achieve group goals, reduces costs, increases efficiency, establishes sound organization, and is essential for societal prosperity. In conclusion, agri-business management makes profits for organizations and helps achieve objectives while ensuring societal well-being.
This presentation provides an overview of agribusiness. It defines agriculture, business, and agribusiness. Agribusiness involves all operations related to farm production, storage, processing, and distribution. The presentation outlines the agribusiness system including the input, production, and processing sectors. It discusses the objectives, features, areas, scope, and importance of agribusiness. Successful agribusiness requires clear objectives, planning, organization, research, finance, management, and worker relations. Bangladesh has potential for agribusiness in products like jam, shrimp, seafood, fruits, and vegetables both domestically and for export. Agribusiness can contribute to the economy and improve food security and living standards.
Contract farming was first introduced in Taiwan in 1895 and later in India by PepsiCo in 1927 for tomato and potato cultivation. It involves an agreement between farmers and processing/marketing firms where farmers produce and supply agricultural products at predetermined prices. The objectives of contract farming include achieving consistent quality, regular supply, improved produce quality, and stabilized prices. It provides benefits to farmers such as assured markets, price stability, access to inputs and credit, while companies benefit from secured raw material supply and long-term planning ability. Common models of contract farming in India include bipartite agreements between farmers and companies, tripartite agreements including a third party, and quadpartite agreements involving four parties.
This document provides an overview of a Master Seminar on Integrated Farming Systems presented by S. Sabarinathan. It discusses the current challenges facing agriculture like increasing population and food demand, soil degradation, and climate change. Integrated Farming Systems is presented as a solution to issues like declining agricultural growth and productivity. IFS aims to diversify production, increase income, improve nutrition, and conserve resources. The document outlines the components, objectives, and benefits of IFS, as well as factors that determine the appropriate systems. It provides examples of IFS models and concludes by emphasizing the role IFS can play in sustainable development.
This document discusses trends in India's horticulture sector from 1990 to 2005. It finds that the area dedicated to horticulture crops in India increased significantly over this period, with fruits seeing a 28.75% rise and vegetables a 16% increase. Production of fruits and vegetables also grew substantially. The export of horticultural commodities such as mangoes, bananas and onions expanded greatly in both quantity and value. The document concludes that horticulture is important for nutrition and India has prioritized its development since the 1990s due to the largely vegetarian population.
This topic looks at one of the strategies used by farmers and small firms in the agribusiness sector to leverage cost, access markets and become competitive in the market. Emphasis was made on the use of contract farming (vertical linkage) and cooperatives (horizontal linkage).
This document provides an overview of an agribusiness management course. It includes definitions of agribusiness and management. Agribusiness involves three sectors - input, farm, and product. It is important for the Indian economy. Management is the process of achieving goals through organizing group efforts. Good management is key to a firm's success and involves balancing human and technical dimensions.
Lecture 12 economic principles applicable to farm managementB SWAMINATHAN
For undergraduate agricultural students of the course ‘Ag. Econ. 6.4 Farm Management, Production, and Resource Economics (2+1)’ of Junagadh Agricultural University, Gujarat and other State Agricultural Universities in India.
For undergraduate agricultural students of the course ‘Ag. Econ. 6.4 Farm Management, Production, and Resource Economics (2+1)’ of Junagadh Agricultural University, Gujarat and other State Agricultural Universities in India.
The document discusses agricultural entrepreneurship and SAE programs. It provides examples of agricultural entrepreneurship opportunities including lawn maintenance, fishing bait sales, custom crop harvesting, and pet sitting. It outlines the history of SAE programs from the early 20th century focusing on livestock and crop production to today's wider variety of opportunities. Characteristics of successful entrepreneurs are discussed including drive, communication skills, and technical ability. Challenges and benefits of agricultural entrepreneurship are also summarized.
Dr. Katundu is a lecturer at the Moshi Co-operative University (MoCU). He works under the Department of Community and Rural Development specializing in the area of rural development. He holds a PhD and Master of Arts in Rural development from the Sokoine University of Agriculture (SUA), Morogoro Tanzania and a Bachelor of Arts (Hons) in Geography and Environmental Studies from the University of Dar-Es-Salaam, Tanzania. His research interests include: Agriculture and rural development, rural land reform, rural livelihoods and cooperatives, community driven development, environment and natural resource management, entrepreneurship development, impact evaluation. His PhD thesis is titled: Entrepreneurship Education and Business Start Up: Assessing Entrepreneurial Tendencies among University Graduates in Tanzania whereas; Master dissertation is titled: Evaluation of the Association of Tanzania Tobacco Traders’ Reforestation Programme: The Case of Urambo District.
Agricultural marketing involves all activities related to the movement of farm products from producers to consumers. It includes identifying consumer needs, procuring farm inputs, transporting and storing agricultural goods, and satisfying consumer demand in a profitable way. The marketing process aims to estimate demand for inputs and ensure regular supply of farm outputs. Understanding the perspectives of various stakeholders such as farmers, consumers, traders and government is important. Agricultural products have unique characteristics compared to manufactured goods such as perishability, seasonality, bulkiness and quality variations, which influence marketing approaches.
This document appears to be about an end-of-term assignment related to forecasting for a course called BABA2. The assignment involves forecasting but no other details about the specific requirements or topics are provided in this short text.
ECO 550 strayer university all 4 assignmentshwguiders4po2
This assignment asks students to analyze whether a Domino's Pizza location should open in their community. Students are instructed to:
1) Conduct demographic research and use relevant variables in a demand analysis.
2) Input data into a regression analysis to determine the coefficient of determination and how it impacts the opening decision.
3) Test the statistical significance of the regression and how it impacts the decision.
4) Forecast four months of pizza demand using the regression and justify assumptions.
5) Determine whether Domino's should open based on the forecast, providing rationale.
6) Cite government sources for demographic data.
This document discusses the history and current state of agricultural extension services in Malawi, as well as ideas for improving extension efforts going forward. It notes that agriculture is the main livelihood for most Malawians but productivity needs to increase. The history of extension involved different approaches, and currently extension aims to be demand-driven and pluralistic. Challenges include lack of coordination, coverage, and training. The document recommends strengthening partnerships between farmers, researchers, and extension providers to improve market-oriented, coordinated extension services nationwide.
A shift from agriculture to agribusiness is an essential pathway to bring change or make revolution in Indian agriculture and to make more attractive and profitable venture. Agripreneurship has the potential to contribute to a range of social and economic development such as employment generation, poverty reduction and improvements in nutrition, health and overall food security in the national economy. Agripreneurship has got power to generate growth, diversifying income, providing widespread employment and entrepreneurial opportunities in rural areas.
REFERENCES :
1. http://www.businessmanagementideas.com/agripreneurship-2/agripreneurship-india-business/17511
2. http://www.ijsrp.org/research-paper-0314/ijsrp-p2770.pdf
3. https://www.thebetterindia.com/125044/5-agri-startups-farmers/
Difference between agricultural product and industrial productShubham Garg
Agricultural and industrial products differ in several key ways:
1. Agricultural products are highly perishable and their production depends on seasons, whereas most manufactured products are non-perishable with constant year-round supply.
2. Farm products are bulkier and more difficult to store and transport compared to manufactured goods, which have a more consistent quality and supply.
3. Agricultural output varies in quality and is scattered and irregular, making supply estimation challenging, while industrial production has more uniform quality and supply.
Introduction to agribusiness marketingDaisy Ifeoma
This chapter is intended to help the students understand how agribusiness came into being, the size and importance of the agribusiness sector, the conflicting needs of the players in this sector and most importantly, the relevance of marketing to the agricultural and food sectors.
value addition and processing of agri-productssurabhi mishra
- The document discusses opportunities and challenges for value addition and processing of agricultural products in India.
- It outlines high levels of post-harvest losses on farms and in supply chains, as well as low levels of agro-processing and value addition compared to other countries.
- The document advocates for strategies like expanding processing levels, modernizing food processing sectors, and promoting seamless value chains to reduce losses and add more value to agricultural commodities in India.
This document summarizes a presentation on how to double farmer's income in India. It discusses that the past strategy of increasing agricultural output did not focus on raising farmer's income. It identifies key sources of increasing farmer's income both within and outside of agriculture, including improving productivity, diversifying crops, and shifting to higher value crops. The presentation specifically focuses on the potential of diversifying to microgreens, discussing how they can be profitably grown and providing a case study of a chef who started a successful microgreens business in India.
It is an introduction to agribusiness which includes the short history of evolution of the agribusiness, its importance, scope or areas of agribusiness. It also includes the distinctive features of agribusiness management.
This document discusses the importance of agri-business management. It defines agri-business as the business of agricultural production, including activities like crop production, marketing, and processing. It also defines management as the process of planning, organizing, leading, and controlling a business to achieve objectives. Agri-business management is described as making business decisions for agricultural production to maximize net income while meeting personal objectives. The document lists several ways that agri-business management helps achieve group goals, reduces costs, increases efficiency, establishes sound organization, and is essential for societal prosperity. In conclusion, agri-business management makes profits for organizations and helps achieve objectives while ensuring societal well-being.
This presentation provides an overview of agribusiness. It defines agriculture, business, and agribusiness. Agribusiness involves all operations related to farm production, storage, processing, and distribution. The presentation outlines the agribusiness system including the input, production, and processing sectors. It discusses the objectives, features, areas, scope, and importance of agribusiness. Successful agribusiness requires clear objectives, planning, organization, research, finance, management, and worker relations. Bangladesh has potential for agribusiness in products like jam, shrimp, seafood, fruits, and vegetables both domestically and for export. Agribusiness can contribute to the economy and improve food security and living standards.
Contract farming was first introduced in Taiwan in 1895 and later in India by PepsiCo in 1927 for tomato and potato cultivation. It involves an agreement between farmers and processing/marketing firms where farmers produce and supply agricultural products at predetermined prices. The objectives of contract farming include achieving consistent quality, regular supply, improved produce quality, and stabilized prices. It provides benefits to farmers such as assured markets, price stability, access to inputs and credit, while companies benefit from secured raw material supply and long-term planning ability. Common models of contract farming in India include bipartite agreements between farmers and companies, tripartite agreements including a third party, and quadpartite agreements involving four parties.
This document provides an overview of a Master Seminar on Integrated Farming Systems presented by S. Sabarinathan. It discusses the current challenges facing agriculture like increasing population and food demand, soil degradation, and climate change. Integrated Farming Systems is presented as a solution to issues like declining agricultural growth and productivity. IFS aims to diversify production, increase income, improve nutrition, and conserve resources. The document outlines the components, objectives, and benefits of IFS, as well as factors that determine the appropriate systems. It provides examples of IFS models and concludes by emphasizing the role IFS can play in sustainable development.
This document discusses trends in India's horticulture sector from 1990 to 2005. It finds that the area dedicated to horticulture crops in India increased significantly over this period, with fruits seeing a 28.75% rise and vegetables a 16% increase. Production of fruits and vegetables also grew substantially. The export of horticultural commodities such as mangoes, bananas and onions expanded greatly in both quantity and value. The document concludes that horticulture is important for nutrition and India has prioritized its development since the 1990s due to the largely vegetarian population.
This topic looks at one of the strategies used by farmers and small firms in the agribusiness sector to leverage cost, access markets and become competitive in the market. Emphasis was made on the use of contract farming (vertical linkage) and cooperatives (horizontal linkage).
This document provides an overview of an agribusiness management course. It includes definitions of agribusiness and management. Agribusiness involves three sectors - input, farm, and product. It is important for the Indian economy. Management is the process of achieving goals through organizing group efforts. Good management is key to a firm's success and involves balancing human and technical dimensions.
Lecture 12 economic principles applicable to farm managementB SWAMINATHAN
For undergraduate agricultural students of the course ‘Ag. Econ. 6.4 Farm Management, Production, and Resource Economics (2+1)’ of Junagadh Agricultural University, Gujarat and other State Agricultural Universities in India.
For undergraduate agricultural students of the course ‘Ag. Econ. 6.4 Farm Management, Production, and Resource Economics (2+1)’ of Junagadh Agricultural University, Gujarat and other State Agricultural Universities in India.
The document discusses agricultural entrepreneurship and SAE programs. It provides examples of agricultural entrepreneurship opportunities including lawn maintenance, fishing bait sales, custom crop harvesting, and pet sitting. It outlines the history of SAE programs from the early 20th century focusing on livestock and crop production to today's wider variety of opportunities. Characteristics of successful entrepreneurs are discussed including drive, communication skills, and technical ability. Challenges and benefits of agricultural entrepreneurship are also summarized.
Dr. Katundu is a lecturer at the Moshi Co-operative University (MoCU). He works under the Department of Community and Rural Development specializing in the area of rural development. He holds a PhD and Master of Arts in Rural development from the Sokoine University of Agriculture (SUA), Morogoro Tanzania and a Bachelor of Arts (Hons) in Geography and Environmental Studies from the University of Dar-Es-Salaam, Tanzania. His research interests include: Agriculture and rural development, rural land reform, rural livelihoods and cooperatives, community driven development, environment and natural resource management, entrepreneurship development, impact evaluation. His PhD thesis is titled: Entrepreneurship Education and Business Start Up: Assessing Entrepreneurial Tendencies among University Graduates in Tanzania whereas; Master dissertation is titled: Evaluation of the Association of Tanzania Tobacco Traders’ Reforestation Programme: The Case of Urambo District.
Agricultural marketing involves all activities related to the movement of farm products from producers to consumers. It includes identifying consumer needs, procuring farm inputs, transporting and storing agricultural goods, and satisfying consumer demand in a profitable way. The marketing process aims to estimate demand for inputs and ensure regular supply of farm outputs. Understanding the perspectives of various stakeholders such as farmers, consumers, traders and government is important. Agricultural products have unique characteristics compared to manufactured goods such as perishability, seasonality, bulkiness and quality variations, which influence marketing approaches.
This document appears to be about an end-of-term assignment related to forecasting for a course called BABA2. The assignment involves forecasting but no other details about the specific requirements or topics are provided in this short text.
ECO 550 strayer university all 4 assignmentshwguiders4po2
This assignment asks students to analyze whether a Domino's Pizza location should open in their community. Students are instructed to:
1) Conduct demographic research and use relevant variables in a demand analysis.
2) Input data into a regression analysis to determine the coefficient of determination and how it impacts the opening decision.
3) Test the statistical significance of the regression and how it impacts the decision.
4) Forecast four months of pizza demand using the regression and justify assumptions.
5) Determine whether Domino's should open based on the forecast, providing rationale.
6) Cite government sources for demographic data.
This document discusses trends from 2010 regarding the future of society, government, technology and philanthropy. It notes that foresight helps with planning but is difficult to make time for. Looking back from 2020, it discusses an uneven distribution of new technologies and a desire for change in 2010. Underlying economic, environmental and social pressures created a complex situation for organizations. Technology growth like social media transformed communications while creating divisions around age and wealth. This led to predictions of smaller government and more localized, community-based solutions facilitated by individuals' direct online giving and volunteering.
This document summarizes the key benefits of the BSLI Foresight life insurance plan. The plan offers:
1) Limited premium payment of 5 years for a policy term of 10 years. Premiums can only be paid annually.
2) Choice of sum assured ranging from 10-30 times the basic annual premium depending on age.
3) Death benefit equals the sum assured plus fund value.
4) Unique benefits of investing in the BSLI Foresight fund including guarantees on NAV and locking in gains.
Bus 620 week 2 assignment industry forecastingSERCHES99
This document provides instructions for a week 2 assignment on industry forecasting. Students are asked to choose an industry, analyze factors that may impact it over the next 5 years using PESTEL analysis, and discuss perceived weaknesses, strengths, opportunities for growth. They must write a 3-4 page paper in APA style, citing a minimum of 2 peer-reviewed resources, analyzing how factors may influence the successful marketing of a company like Ford over the next 5 years.
R. Avinash, with registration number 15MBA1006, has proposed an economics assignment presentation that will cover 10 topics related to technical forecasting, charting, and financial data analysis using various tools. The topics that will be discussed include technical forecasting using WEKA, charting the law of demand in Excel, forecasting using SPSS, break even point analysis, using COMFAR III, Tabueau, SAS, financial data crawling using R, and analyzing global market shares.
Demand estimation and forecasting is the topic of a group assignment for the INB 2200 Managerial Economics course taught by Dr. Nihal Hennayake in the Department of International Business at the Faculty of Management and Finance, University of Colombo. The assignment is due in April 2015 for level II semester V students.
A main contractor must forecast turnover for the coming year by considering current, probable, and possible projects. This helps determine staffing needs, overheads, profits, and cashflow. However, forecasting is challenging as only current work is definite, and future work depends on economic conditions and tender outcomes. Cost value reconciliations compare actual costs to valued work and flag overruns, helping monitor project performance.
Dhruv Patel analyzed forecasting data for ABC Company to estimate future incident rates and losses for 2016. He started by creating a model to estimate the incident rate for each year using data from 2009-2015. Graphs showed the incident rate frequency decreasing over time while average severity increased. Regression analysis was used to calculate coefficients to estimate the 2016 incident rate and average severity. The estimated 2016 incident rate and average severity were then used to calculate the total losses for 2016 at $7,373,707 based on an exposure of 30,500 employees. Overall, the analysis outlined relationships between employee injuries, incident losses, and employment statistics to forecast future worker compensation costs.
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Undergraduate Project written by EBERE on ANALYSIS OF VARIATION IN GSKEbere Uzowuru
This document discusses analysis of variance (ANOVA) and its use in quality control and manufacturing processes. It provides background on the development of ANOVA, beginning in the 1930s and growing rapidly after World War II. It then discusses key concepts in ANOVA like partitioning variance, comparing multiple group means, and hypothesis testing. The rest of the document discusses specific tools used with ANOVA like control charts, histograms, Pareto charts, fishbone diagrams and their uses in identifying sources of variation and improving processes.
Budgeting forecasting and cost control management techniques september, lagosPetro Nomics
This document provides information about a 3-day training course on budgeting forecasting and cost control management techniques. The course will cover topics such as the budgeting process, building budgets and forecasts, sensitivity and scenario analysis, and using economic data. It will take place in Lagos, Nigeria from September 7-9, 2015. The course aims to help participants build sophisticated budgets and forecasts for the oil and gas industry and improve budgeting and forecasting processes.
This document describes a summer internship project on semi-mechanization of a pit loom conducted from May 12 to July 11, 2016. It identifies 9 problems with the existing pit loom process, and proposes solutions to each problem. The problems include the difficulty of moving the reed, controlling the pedals, storing rolls of nivaar, applying latex safely, removing dust, aligning strips, and copying designs. Proposed solutions involve mechanisms, computers, brushes, vacuum cleaners, and enlarged design sheets with grids. Most solutions were discontinued due to drawbacks like high costs, complex implementation, or not significantly improving efficiency.
The document discusses different types of looms used in weaving fabrics. It describes primitive or vertical looms, pit looms, frame looms, and Chittaranjan looms. Primitive looms are among the earliest known looms dating back 5000-6000 years, while pit looms are developed looms that allow weaving below floor level. Frame looms have a portable box-like frame construction. Chittaranjan looms are a semi-automatic loom type commonly used in Bengal, characterized by its beating, taking up, and letting off motion controlled by wheels.
The document summarizes the supply chain of "Ethnic.Inc", a company that sells handbags and handmade jewelry crafted by Indian artisans. Raw materials like cotton, silk, and zari are procured from suppliers. Bags are produced through hand weaving of zari designs by weavers, then assembly. Jewelry is made through quilling techniques. Products are sold through exhibitions and boutiques. The supply chain aims to support traditional crafts while providing customers with ethically-made accessories.
Demand forecasting with Delphi Method, Trend Projection Method and other methodsMilton Kumar
The document provides an overview of several methods for demand forecasting that were discussed in an assignment for a university course, including the Delphi method, trend projection method, moving average method, chain ratio method, consumption level method, and end user method. It summarizes each method and discusses their advantages and disadvantages. The Delphi method relies on a panel of experts to anonymously provide forecasts and revise their judgments. Trend projection analyzes past numerical data to identify trends and project them into the future. Moving average smooths out short-term fluctuations by calculating averages over different time periods. The chain ratio method develops forecasts by applying a series of related percentages. The consumption level method estimates demand based on income and price elasticities. The
Indian agribusiness and globalisation prospects and challenges 2 (1)prj_publication
This document summarizes an article on Indian agribusiness and globalization. It discusses how agribusiness in India has undergone changes since economic liberalization in 1991-1992. Globalization has led to more professional and scientific approaches in agribusiness. It has opened opportunities for socio-economic growth through diversification, increased productivity and employment. However, globalization also presents challenges like income inequality and loss of national sovereignty. The document also examines prospects and challenges for Indian agribusiness in the current globalized environment. It suggests measures like addressing socio-economic imbalances, facilitating innovation, and ensuring fair trade practices.
CGIAR Research Program on Livestock and Fish: Achieving proof of scale for fo...ILRI
The document summarizes the goals and approach of the CGIAR Research Program on Livestock and Fish, which aims to sustainably increase the productivity of small-scale livestock and aquaculture systems to provide more animal-source foods for poor consumers and reduce poverty. The program will focus on whole value chains in targeted commodities and countries by working directly with development partners on strategic interventions to achieve impact at scale. It will address productivity gaps, engage stakeholders along the value chains, and generate global public goods through cross-cutting research platforms. The goal is for more meat, milk and fish to be produced by and for the poor.
Development of agricultural sector in bangladesh and its contribution in econ...Rakeeb Ashraf
This document discusses the development of Bangladesh's agricultural sector and its contribution to economic growth. It notes that agriculture makes up 30% of Bangladesh's GDP and employs 60% of the labor force. It then outlines several challenges facing Bangladesh's agricultural sector, including the loss of arable land, population growth, climate change, insufficient credit for farmers, and unfair produce prices. It analyzes these challenges and proposes solutions such as developing climate-resilient crops, encouraging farmers' cooperatives, and improving water conservation. The overall goal is to sustainably intensify and diversify agricultural production to meet nutritional needs amid population growth.
1. The agriculture value chain concept refers to the full range of activities required to bring an agricultural product from farm to final customer. It includes procurement, production, processing, marketing and distribution.
2. The Indian government aims to double farmers' incomes by 2022 by focusing on improving crop and livestock productivity, resource use efficiency, cropping intensity, high value crops and prices received by farmers.
3. Key challenges in Indian agri value chains include resource scarcity, room for improved yields, multiple intermediaries lacking transparency, food losses, and changing consumption trends toward fruits/vegetables and pulses.
This document discusses establishing a profitable and successful macadamia industry. It outlines advantages like being an easier crop to farm if certain principles are followed. A two-fold strategy is proposed involving a commercial agricultural unit and small-scale farmer development. Key challenges include scale, steady production increases, technical expertise requirements, and literacy/numeracy skills. An integrated incubation and technology packaging methodology is recommended to empower farmers and reduce challenges through a system that provides recommendations.
Macadamia nut production create the new middle classCraige Williams
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Rice Value Chain Analysis: Rice Seed Production as a Profitable Agribusiness ...IJAEMSJORNAL
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Project Description - Collection, sustainable cultivation, value addition and marketing linkages of selected medicinal and aromatic species (MAP) using emerging technology interventions.
1. ASSIGNMENT
Topic: AGRIBUSINESS DECISION MAKING- KEY DECISION AREAS
WITHRESPECT TO INPUT PROCESS AND OUTPUTS- FORECASTING TECHNIQUES
Submitted to, submitted by
Dr.G Veerakumaran Laya Thomas 2012-31-126
Dept of Co-operative management Prabhath 2012-31-127
Pramitha Prakash 2012-31-128
Swetha NK 2012-31-129
2. Topic: AGRIBUSINESS DECISION MAKING- KEY DECISION AREAS
WITHRESPECT TO INPUT PROCESS AND OUTPUTS- FORECASTING TECHNIQUES
INTRODUCTION
Agriculture contributed around two -third of the
national income India. It has been the mainstay of Indian economy
because of its high share in e m p l o ym e n t and livelihood creation
notwithstanding its reduced contribution to the nations GDP. The
importance of agriculture to the national economy is crucial in terms of
meeting the growing demands for food ang raw materials of the non -farm
and urban populations, expanding the secondary and territory sectors of
t h e e c o n o m y, w i d e n i n g t h e e x t e n d o f t h e m a r k e t s f o r i n d u s t r i a l p r o d u c e ,
earning the much needed foreign exchange, maintain price stability and
mobilization of resources for capital formation.
Agribusiness
Agribusiness is a generic term that refers to the
various business involved in food production including farming, seed
s u p p l y, agrichemicals, farm m a c h i n e r y, wholesale and distribution,
processing, marketing and retail sales. It encompasses agricultural and
a l l i e d s e c t o r s l i k e d a i r y, p o u l t r y, f i s h e r i e s , f o r e s t r y e t c . .
Definition: “Agri-business is the sum total of all operations involved in the manufacture
and distribution of farm supplies, production activities on the farm, storage, processing
and distribution of farm commodities and items made from them” (John David and Gold
Berg)
Scope of Agri-business:
3. 1) Our daily requirements of food and fiber products at desired place
at required form and time come from efficient and hard working of
many business personnel in input, farm and food production and
a l s o i n m a r k e t i n g t h e m . T h e e n t i r e s ys t e m i n b r i e f i s c a l l e d
Agribusiness.
2) Agribusiness, of late, is combining the diverse commercial
enterprises, using heterogeneous combination of labour, materials,
c a p i t a l a n d t e c h n o l o g y.
3 ) I t i s a d yn a m i c s e c t o r a n d c o n t i n u o u s l y m e e t s c u r r e n t d e m a n d s o f
consumers in domestic and world markets.
4) Agri-business establishment leads to strengthening of
infrastructural facilities in that area, expansion of credit, raw
materials supply agencies, adoption of modern technology in
production and marketing of agricultural products.
5. Agri-business provides crucial forward and backward linkages .
(Backward linkage includes supply of inputs, credit, production
technologies, farm services et. A forward linkage includes storage,
processing, transportation and marketing aspects.)
6 . A g r i - b u s i n e s s g e n e r a t e s p o t e n t i a l e m p l o ym e n t o p p o r t u n i t i e s .
7. It adds value to products and thereby increases the net profits.
AGRIBUSINESS MANAGEMENT
Being a developing country which is
traditionally agriculture in nature, India needs to infuse professionalism
into the agricultural sector in order to cash in on its inherent competitive
4. advantage. Agribusiness manageme nt deals with the economics and
business management principles related to the production common
distribution and consumption of agricultural products.
Decision making is life blood of any
organization and the very essence of management. Decision making is the
process of identifying a set of feasible alternatives and, from these,
choosing a course of action. Decisions are the judgement which directly
affects a course of action. Agribusiness managers make decisions that
affect various levels of organizational responsibilities. Product decision,
process decision, pricing and financing decision, labeling and packaging
decision, decision for promotion and publicity, channels of distribution
etc.,
A G RI C U L T UR AL I NP U T DE CI S I O N
Agro inputs are either biological or chemical or
inorganic compounds used in the production of agricultural and allied
sector.
The availability of inputs is critical for
agriculture production. Agricultural input supply sector comprises of
f i r m s t h a t m a n u f a c t u r e a n d d i s t r i b u t e t h e m yr i a d o f i n p u t s t h a t f u e l t h e
production agriculture sector. Seeds, fertilizers, water, machinery and
equipment, agrochemicals, credit, infrastructure, information, technology
etc are a few of the major agricultural inputs. Input management should
f o c u s o n a g r i c u l t u r a l p r o d u c t i v i t y. I t m e a s u r e s t h e d i f f e r e n c e b e t w e e n
output growth and input growth rates. If productivity growth is positive,
then the same output can be produced with fewer inputs and lower costs.
Increased efficiencies in agricultural productivit y have been an important
factor in maintain the balance between food supply and world demand.
PROCESSING DECISION :
5. Processing can convert an undifferentiated, low profit
commodity into a differentiated, branded, high value product. The
decision to process depends on economies of scale, perish ability of
produce, cost of transportation and geographical concentration or
availability of raw materials from surrounding areas. In order to
operate efficiently, food processing facilities have to be utilized
t h r o u g h o u t t h e ye a r . T h e r i s k c a n b e o f f s e t b y h a v i n g e x p a n d e d s t o r a g e
facility for later processing, supply contract and planning on having a
wider range of raw materials for processing. The cost of assembling large
quantities of raw materials should not be too high. Food processors have
to manage several marketing functions such as market intelligence, risk
bearing, financing, transportation and storage.
PRODUCT DECISION:
The management takes decisions about the nature of
product. The product classified on three levels - core product tangible
p r o d u c t a n d a u g m e n t e d p r o d u c t . A p r o d u c t m i x i s a n a s s o r t m e n t o f t yp e s
of products and product lines. A product line is series of related products.
The decision as to whether a given product line should be extended is
strategic issue. The management must be aware and it has the
responsibility to take the decision about how each product within the
portfolio is positioned against those of competitors.
PRODUCTION DECISIONS:
In decisions on producing or providing product and
services in the international market it is essential that the production of
the product or service is well planned and coordinated, both within and
with other functional area of the firm particularly marketing.
I n m a n u f a c t u r e p r o d u c t s t h i s m a y i n c l u d e d e c i s i o n s o n t h e t yp e o f
manufacturing process- artisanal, job, batch, and flow line or group
t e c h n o l o g y. However in many agricultural commodities factors li ke
6. seasonality perish ability and supply & demand have to be taken into
consideration
PACKAGING DECISIONS:
Packaging protects the product from damage which
could be incurred in handling and transportation. It also has a
promotional aspect. So, the decisions related with this aspect should be
c l e a r a n d c o n c i s e . I t m u s t c o v e r d i f f e r e n t a s p e c t s l i k e s i z e , u n i t t yp e ,
weight and volume. Agricultural products that are basically perishable are
often stored over long periods of time and transported over long
distances. Hence packaging is of extreme importance in agribusiness
marketing.
PRICING DECISION:
Three basic factors determine the bound of pricing
decision- the price floor or minimum price, maximum price and optimum
price. The price setting cognizance must be taken of government tax
policies, resale prices, dumping p roblems, transportation cost, middlemen
etc. There should be a proper decision for determining the pricing
policies (skimming or penetration) and strategies of pricing.
DECISION ON BRANDING PRODUCTS :
Established brands are appearing as assets
o n b a l a n c e s h e e t s a n d a r e b e i n g a s s e s s e d f o r t h e i r p r o f i t e a r n i n g c a p a c i t y.
T h e i n i t i a l d e c i s i o n i s w h e t h e r t o b r a n d o r n o t . H i s t o r i c a l l y, m o s t
unprocessed agricultural output has been sold as generic product that is
unbranded. These are some basic product characteristic which will help to
determine whether branding is feasible.
KEY DECISIONS
7. There are a number of key decision areas pertaining to
t h e a p p o i n t m e n t o f i n t e r m e d i a r i e s . T h e s e i n c l u d e p r i c e p o l i c y, t e r m s a n d
conditions of sale, territorial rights and the definition of responsibilities.
In addition, a choice has to be made between extensive and intensive
coverage of the market.
P r i c e p o l i c y: l i s t p r i c e s , w h o l e s a l e o r r e t a i l m a r g i n s a n d s c h e d u l e o f
discounts have to be developed. These have to reflect the interests
of the intermediary, as well as those of the producer or supplier if
lasting alliances are to be formed with channel member.
Terms and conditions of sale: producer must explicitly state
p a ym e n t t e r m s , g u a r a n t e e s a n d a n y r e s t r i c t i o n s o n w h e r e a n d h o w
products are to be sold.
Territorial rights: distributors will be given exclusive rights to
m a r k e t a p r o d u c t w i t h i n s p e c i f i e d t e r r i t o r y. I n d e c i d i n g u p o n t h e
boundaries of territories the manufacturer or supplier has to strike a
balance between defining territories which are sufficiently large to
provide good sales potential for distributors but small enough to
allow distributors to a dequately service the customers within the
t e r r i t o r y.
Definition of responsibilities: the respective duties and
responsibilities of supplier and distributor have to be clearly
defined. The agreement between the producer and the distributor
should clearly specify which party is responsible for the coast of
p r o d u c t t r a i n i n g w h e n n e w e m p l o ye e s j o i n . T h e d i s t r i b u t o r o r n e w
products are introduced.
FORECASTING TECHNIQUES
Forecasting plays an important role in the
operations of modern management. It is an important and necessary
aid to planning and planning act as the backbone of every effective
8. operation. Lot of organizations has failed because of faulty
forecasting on which the planning was based.
Forecasting implies the act of making a
d e t a i l e d a n a l ys i s o f t h e f u t u r e a n d p l a n n i n g i s i m p o s s i b l e w i t h o u t
either predicting the future as accurately as possible or making
intelligent assumptions about it. Forecasting may be a form of
intentional and considered judgment based on feelings, options and
ex periences and judgments, at best will be educated guesses. It
c o u l d a l s o b e b a s e d u p o n a r a t i o n a l s t u d y a n d a n a l ys i s o f p e r t i n e n t
data and this process is known as “scientific forecasting”
1 . Q u a n t i t a t i v e t i m e s e r i e s a n a l ys i s
A study of past data. Such as monthly sales or
shipments made.
2. Derived forecast
If we can discover another phenomenon that has
been forecasted by government agency or expert, and this phenomenon is
closely associated with the variable that we need to predict, a forecast
can be derived from these ot her estimates.
3. Causal models
If an underlying cause for the variable can be
determined, the forecast can be handled mathematically and produce quite
accurate results.
4. Brainstorming
One method for predicting the future is to assemble a group of people
with knowledge and interest in a specific problem and encourage free
9. flow of creative commends. The condition required for these
brainstorming sessions are important.
(a) No participant may criticize any idea regardless of how
farfetched it might be
(b) Each participant is encouraged to supplement the comments of
others and to provide inputs for future estimates.
(c) After recording the comments during the meeting, a manager may
then construct a fo recast built on the variety of ideas from the
group.
5. Delphi method
The judgement of experts is sometimes the best and the most feasible
method of forecasting. The Rant Corporation developed the “Delphi
method” as a means of forecasting by seeking expert opinions. The
method contrasts with brainstorming in securing independent judgements
by having experts complete a detailed questionnaire independently and
without knowledge of the responses of other experts.
6. Contingent forecasting scenarios
One approach for handling the lack of precision in forecasting is
contingent forecasting & planning. At the heart of this approach is the
development of several scenarios, each scenario providing a different set
of assumptions about future events. The scenario describ es a logical
sequence of events that might occur in the future.
10. CONCLUSION
All human beings make decision that affected by their own actions.
Managers are chiefly concerned with making decisions that will influence
the action of others. Thus the decision making process is affected by the
environment of the decision makers and the role that they assume. The
proper definition of the right problem depends on use of concept of the
limiting factor. Out of the maze of problems and facts the manager seek s
to frame an understanding of the problem by seeking definition that will
strike at the heart of the issue and provide residual answers to lesser
problems
REFERENCES:
1. Gangadhar Bhatia
“Agribussiness management”
A Mittal publication (2007)
New Delhi (1st edition)
2. Karnam Lokanadhan
K.Mani,K.Mahenran
“Innovations In Agribusiness Management” .
New India publishing agency (1 st edition)
Pitampura, New Delhi
3. Randall.B.Dunham
Jon.L.Pierce
“Management”
Library of congress cataloging in publication data
Printed in US
11. 4. Dr. smita Diwasa
“Indian Agriculture & Agri -bussiness Management”
Published by “Krish Resource Management Network”
Panchawati, Pashan, Pune (1st edition)
5. Joseph.L.Massie
“Essential Of Management ”
Published b y Prentice -Hall of India PV T ltd (4 th edition)
NewDelhi (1998)