Predictive analytics to better understand and meet consumer demand.
Knowing what you need, when you need it is imperative for your business.
With Fourth’s hospitality software solutions, POS data, weather and events are automatically captured. Predictive algorithms calculate a daily baseline forecast for review and benchmarking. The forecast is broken down into 15-minute intervals by sales item, ready for local managers to refine further as required. This means you have the stock and staff you need, when and where they are needed - every time.
Purchase-to-Pay & Inventory
Transform inventory and be confident that you have the right products in the right place at the right time.
Our smart stock management software systems calculate everything (even safety stock and supplier lead times), leaving HQ room to manoeuvre central product allocations. Now ordering becomes more accurate resulting in no wastage and no missed sales opportunities due to stock shortage.
Deploy the right type of labour by role and by area - and watch productivity gains rocket.
Fourth's workforce planning solution takes into account the minutes required to perform fixed tasks and prep to pinpoint the number of people required in 15-minute intervals. Unproductive labour spend becomes a thing of the past as you have the right people when and where they are needed. Speed of service improves and sales increase.
Analytics & Data
Continually refine the demand forecast enabling sites to react fast.
With the Fourth platform, business performance is fed back in constantly, producing ever more accurate results. And Fourth' Analytics for hospitality further fuels profitability by providing meaningful insight and intelligence on demand, which supports continuous forecast improvement.