Confidently plan for the future and take control of your labor budget by replacing manual manager analyses with demand forecasting from Fourth.
Improve labor forecasting accuracy by 20-75%
Whether you’re a new business owner, a beloved mom-and-pop shop, or a national chain executive, labor forecasting is critical to growing people, performance, and profits. That’s why we offer two labor forecasting models to meet various challenges facing the hospitality industry.
POS forecasting moves managers away from Excel sheets and equips them with the necessary tools, data, and technology to create demand forecasts in minutes.
Our AI Forecasting never clocks out, automatically generating and delivering the industry’s most advanced forecasts.
After years of fluctuating demand, it’s nearly impossible for managers to understand where foot traffic may fall on any given day. But AI Labor Forecasting has the power to analyze sales going back 7+ years, the intelligence to remove event outliers from equations, and the ability to continuously learn and improve its formula day over day.
It’s the industry’s most accurate forecast. And it’s available for all your locations.
Overstaffed shifts mean wasted labor dollars. Understaffed shifts mean missed sales opportunities and hefty overtime fees.
When using AI Forecasting and Fourth’s full suite of workforce management solutions, our customers see a 5% savings in labor budgets, a 2% uptick in sales, and a 4-point improvement in overall customer satisfaction scores.
While the benefits of AI Forecasting are almost immediate, its best attribute is the ability to continuously learn and improve its formula.
With every new data point, our AI algorithms make small but daily adjustments that add up to monumental improvements. And with every location running its own AI Forecast, it’s a highly personalized solution executed at scale.
Accurate labor forecasting is essential to reducing labor budgets. But we can’t forget the one thing more important than cutting costs— attracting repeat customers.
The biggest benefit to properly staffing shifts is happy customers. And happy customers are a direct result of engaged employees who have time for task management and aren’t feeling the burn from understaffing or boredom from overstaffing.
“Without Fourth, we would have remained stagnant. Our managers and district managers would not have been armed with an innovative technology that not only supports day-to-day operations, but also looks ahead to ensure we are maximizing our efforts in the right places to increase sales year over year.”
— Amber Ghotbi, Braum’s District Manager
Give us a call today +1 (877) 539-5156, or click the button below.
Save time, reduce costs, and increase profitability with Fourth’s intelligent solutions.