Fourth adds AI forecasting to labor scheduling and inventory management solutions

2023-05-11 23:21

AUSTIN, Texas--(BUSINESS WIRE)--May 11, 2023--

Fourth, the leader in workforce and inventory management solutions to the restaurant, hotel, retail, and leisure industries, today announced its groundbreaking AI-powered forecasting solution that revolutionizes labor scheduling and inventory management. Restaurant operators can use AI forecasting to improve labor scheduling, reduce food waste, and better manage inventory — leading to increased profitability and improved employee and guest experiences.

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Fourth has compiled the largest repository of restaurant data to create AI forecasting with unmatched accuracy. (Photo: Business Wire)

Through market leadership in serving more than 100,000 locations globally and 14 of the top 20 US restaurant chains, Fourth has compiled the largest repository of restaurant data to create AI forecasting with unmatched accuracy. Fourth’s AI forecasting performs an in-depth analysis of historical sales data, guest counts, in-store promotions, holidays, and more to provide unprecedented insight into labor scheduling and inventory management. The solution will provide restaurants with the ability to optimize their operations across all locations with unparalleled accuracy through predictions of customer demand.

"Fourth’s market presence, combined with two decades of industry-specific insights enables us access to millions of unique data points to create AI-powered solutions that deliver unmatched accuracy and flexibility,” said Clinton Anderson, CEO, Fourth. “Our ongoing investment and innovation are what sets Fourth apart — focusing on creating actionable insights to automate decision-making so customers save time, reduce waste, and increase profits.”

Fourth will be showcasing our AI solutions at the 2023 National Restaurant Association Show, May 20-23.

To learn how Fourth’s AI can optimize your operations, please visit fourth.com.

About Fourth

When every hour of every shift matters, Fourth helps restaurants, retailers, and hotels conquer the day with data-driven workforce and inventory technology. The Fourth Intelligence Platform leverages more than 20 years of rich data and advanced analytics to deliver actionable insights and demand forecasting for optimizing operations, maximizing margins, and empowering employees. With a streamlined business powered by Fourth Intelligence, industry operators can act with certainty and conquer with confidence whatever comes their way every day. Headquartered in Austin, Texas, Fourth serves more than 15,000 customers across 100,000 locations globally. For more information, please visit fourth.com.

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CONTACT: Scott Factor

Fourth

Scott.Factor@fourth.com

+1 216 299 9629

KEYWORD: TEXAS UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: DATA MANAGEMENT OTHER RETAIL ACCOUNTING TECHNOLOGY PROFESSIONAL SERVICES APPS/APPLICATIONS RETAIL SOFTWARE ARTIFICIAL INTELLIGENCE HUMAN RESOURCES RESTAURANT/BAR

SOURCE: Fourth

PUB: 05/11/2023 11:00 AM/DISC: 05/11/2023 11:00 AM

http://www.businesswire.com/news/home/20230511005550/en