Make restaurant forecasts more resilient with Demand Intelligence

You likely have an existing forecast model, but are you incorporating external sources to ensure accuracy?

The Challenge

Volatility makes it challenging to accurately forecast demand

Many demand forecasting models only use internal data and simple rolling averages to predict demand for their stores, but volatility can shatter these forecasts easily. Whether volatility is caused from unforeseen events or major shifts in consumer behavior, restaurants miss opportunities to drive profitability and create efficient operations when forecast models don’t factor in external data.

Our Solution

Use external intelligence to strengthen your demand forecasting model & reduce errors

Demand intelligence enables companies to ingest external intelligence into their models to improve restaurant forecasting efforts. Whether it’s TV viewership for NFL games, a nearby expo or severe weather data that impacts your store’s foot traffic, our enriched data is the single source of truth for external factors that drive demand volatility.

01

External Catalysts Unlocked

Gain insights into the external demand factors impacting your business

02

Staffing Operations Refined

Set up staffing schedules based on anticipated demand

03

Food Inventory Planned

Align food inventory and purchasing with your improved demand forecasts

01

Unlock external insights

Historical transaction data and seasonality can guide forecasting direction, but forecasting models need external intelligence to ensure accuracy.

PredictHQ uncovers the demand causal factors impacting your business. Our data covers 18+ event categories so your models are factoring in a variety of external demand factors. TV viewership data – for example – allows QSRs to understand how live TV will impact food orders so teams can better anticipate demand spikes or lulls.

02

Refine staffing schedules

Anticipated demand directly impacts how store managers set up their staffing schedules. If you improve accuracy and reduce forecasting errors, you can better plan your workforce.

Train your forecasting models with demand intelligence and identify peak days for your establishment. Now you can guarantee the best customer service for your customers without having too many employees on the clock.

03

Keep food inventory under control

Monitoring ingredients and supplies for each shift allows you to reduce waste and improve profitability. But without insight into how external circumstances impact those inventory levels, your store could risk ingredient shortages or over-ordering.

Improve your restaurant inventory management and keep food and waste costs under control by reducing forecasting errors and ensuring accuracy with demand intelligence.

Customer Stories

Accurate demand predictions drive profitability

Lineup uses PredictHQ's demand intelligence to reduce forecasting errors and improve model accuracy. During initial trials, Lineup’s forecasting was 35% more accurate when leveraging demand intelligence.

There are always going to be things you’re not going to know ahead of time, especially with restaurant demand. The goal is to ensure they can help restaurants get the most accurate predictions possible, exactly when they need them to drive profitability.
Read Lineup’s Story

Who else uses PredictHQ?

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