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Food Retailer
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This
client is a large chain of restaurants based in the
east coast. Given soaring café operational
costs, they wanted to develop a forecast system that
can produce causal driven sales and traffic forecasts
to improve cafe management and production planning
and scheduling. We helped them develop sophisticated
forecasting algorithms to develop forecasts at the
half hourly level by café which are then allocated
using an intelligent product mix algorithm to arrive
forecasts at the menu level.
The restaurant business is event driven and sales
are highly influenced by weather, business closures,
holidays as well as marketing promotions and features.
We have developed a comprehensive process for event
management and planning and the methodology to use
them as causal drivers in the demand plan.
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- Our causal forecast models are helping them achieve
within in 5% to 8% MAPE on daily revenues and traffic.
- Clustering of cafes that serve each other result
in better models to improve predictability.
- Cafes can distinguish between baseline and incremental
volume for better café management based on
event interventions.
- Cafes can better plan and schedule using more
accurate hourly traffic forecasts and product level
forecasts for the revenue items sold.
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Please send submissions or questions
directly by email to .
Our Contact information:
Demand Planning, LLC.
10G Roessler Road Suite 508
Woburn, MA 01801
Phone:
(617) 297-2385
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