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Forecasting Demystified: Why Gut-Instinct Forecasting Won’t Cut it Anymore
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Thursday, May 10, 2018 at 02:00 PM Eastern
Restaurant forecasting is a complex and error-prone process. More often than not, operators rely on gut instinct to staff and order product rather than trust a computer-generated or an above store driven forecast. Manager inexperience can impact a store’s profitability and the ability to predict sales, labor and product needs. Plus, manager turnover amplifies this problem because they take with them the store-specific knowledge gained over their tenure. As the restaurant business continues to go through significant disruption due to technology, consumer preference, and the rising cost of labor, the ability to predict performance is more important than ever.
Join us for this webinar where we will cover:
- How can machine learning improve forecasting?
- The role of machine vs. manager
- Improving guest experiences with better projections
- Achieving operational consistency across the franchise model
- Why forecasting is essential to avoiding costly compliance
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Presenters
Andreas Mettler, Business Sales Executive, Hot Schedules
Mettler, Business Sales Executive at HotSchedules, has over 20 years' experience in restaurant technology and operations. Andreas serves international restaurant brands modern and scalable back-office technology to their workforce. He has a masters degree in business administration from the University of Phoenix and calls Atlanta, Georgia home.
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