Look Back So You Can Charge Ahead
Restaurant sales forecasting is a complex and error-prone process. More often than not, operators rely on gut instinct to schedule and order inventory rather than trust a computer-generated forecast. As the restaurant business continues to go through significant disruption due to the global pandemic, consumer preference, and the rising cost of labor, the ability to predict performance is more important than ever.
It is in this disruptive environment that advanced forecasting tools can truly show their worth. With HotSchedules labor forecasting, you get the best of both worlds. A machine-generated forecast combined with manager-driven inputs resulting in increased accuracy over time.
Managers create their weekly forecast using historical sales data from the POS. Created from scratch or using convenient templates, managers apply their local knowledge to the data stored in HotSchedules to build accurate and compliant schedules, minimizing overtime and limiting changes throughout the week.
An automated forecast based on historical data ensures that best practices are followed consistently throughout the organization and replaces manual work, resulting in significant time savings. Documentation of valuable local market knowledge is preserved in the form of manager adjustments for weather, events, and promotions.
Hit the Sweet Spot Between Over and Under Staffing
When labor forecasts are based on activity, historical data, and specific business rules, operators can build efficiency and grow revenue despite increasing labor costs.
Drive Revenue Through Optimal Scheduling
Labor Optimization pulls in all of your restaurant’s historical data and applies an agreed-upon set of business rules to automatically generate shifts. The result is a labor blueprint that your managers can follow and trust.
- Leverage your great forecast to drive granular staffing needs and provide deeper insight into the flow of business at your stores.
- Clearly identify opportunity in fringe/peak periods to help managers understand where to adjust.
- Drive top-line growth while running your business as efficiently as possible.
You Can’t Measure What You Can’t See
Restaurants who want to win in today’s competitive environment should focus on providing an optimal guest experience that drives repeat traffic, higher check averages, and positive social media sentiment. Labor Analytics provide visibility into your performance and associated labor costs – keys to staying ahead.
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