Predictive analytics to better understand and meet consumer demand.
Knowing what you need and 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 day for review and benchmarking. The forecast is broken down into 15-minute intervals by sales item, ready for local managers to refine further with regional weather and event forecasts. This means you have the inventory required, when and where it's 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 inventory and vendor lead times), leaving HQ room to maneuver central product allocations. Now ordering becomes more accurate resulting in no wastage and no missed sales opportunities due to inventory shortages.
Analytics & Data
Continually refine the demand forecast enabling sites to react fast.
With Fourth’s technology, business performance is fed back into the system 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.