AI-enabled forecasting creates unprecedented accuracy, optimization, cost savings, and revenue capture
Fourth, the leader in workforce and inventory management solutions to the restaurant, hotel, retail, and leisure industries, today announced its groundbreaking AI-powered forecasting solution that revolutionizes labor scheduling and inventory management. Restaurant operators can use AI forecasting to improve labor scheduling, reduce food waste, and better manage inventory — leading to increased profitability and improved employee and guest experiences.
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Through market leadership in serving more than 100,000 locations globally and 14 of the top 20 US restaurant chains, Fourth has compiled the largest repository of restaurant data to create AI forecasting with unmatched accuracy. Fourth’s AI forecasting performs an in-depth analysis of historical sales data, guest counts, in-store promotions, holidays, and more to provide unprecedented insight into labor scheduling and inventory management. The solution will provide restaurants with the ability to optimize their operations across all locations with unparalleled accuracy through predictions of customer demand.
“Fourth’s market presence, combined with two decades of industry-specific insights enables us access to millions of unique data points to create AI-powered solutions that deliver unmatched accuracy and flexibility,” said Clinton Anderson, CEO, Fourth. “Our ongoing investment and innovation are what sets Fourth apart — focusing on creating actionable insights to automate decision-making so customers save time, reduce waste, and increase profits.”
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