To create optimal schedules, your store managers need accurate sales and labor forecasting. However, without the right tools, it can come down to their best guess — putting you at risk for overstaffing or lost business due to understaffing. Without accurate forecasts of anticipated demand, schedules can’t support your bottom line.
Since every job is different, Kronos® Workforce Forecast Manager™ for retail lets you import industry labor standards for specific tasks to align labor volume to anticipated demand. This strategic alignment gets you immediately headed down the road to improved productivity.
Workforce Forecast Manager allows managers to see who they need and why. Managers can accurately predict demand down to 15-minute intervals. It’s this kind of precision that reduces under- and overstaffing and keeps labor costs under control. Multiple algorithms are available depending on the amount of historical data available.
Workforce Forecast Manager uses recent point-of-sale (POS) data to determine and apply an up-to-date trend to reflect unexpected outside influences such as weather, local events, and competitive activity.
When your location has over two years of historical data, you can use this feature to automatically select the best-fit algorithm from a group. The adaptive forecast takes into account departmental variations, irregular patterns, seasonal trends, and recurring seasonal special events from POS data. And it tunes itself based on recent historical data.
Workforce Forecast Manager can be optimized by integrating with Workforce Scheduler™, Workforce Budgeting™, and other solutions that power the Kronos Workforce Central® suite. Now you can finally create an accurate plan that can translate into a stronger bottom line.
Accurately forecast business volume and labor allocations
Avoid costly overstaffing; minimize understaffing and lost sales
Ensures you always have enough people to get the job done