Sales forecasting is the process of estimating future sales. Accurate sales forecasts enable companies to make informed business decisions and predict short-term and long-term performance. Sales forecasting gives insight into how a company should manage its workforce, cash flow, and resources.
insight into how a company should manage its workforce, cash flow, and resources.
Guess, average or estimating on gut feels are some common practices in restaurants, but this kind of planning has a crippling effect as right forecast is the genesis of enterprise resource planning. If you also Wonder why your projections of profit is not meeting your expectation now is the time to realize that first thing to get right is Forecast
Digitory uses robust computation and machine learning to obtain the patterns of sales and set up a causal model to predict accurately . This way we avoid losing key aspects which can impact sales of restaurants. It is very difficult to calculate influencers and their respective impacts.
We start with existing data available with restaurants and establish the accuracy to cascade the results to all other planning and projections.