Fourth adds artificial intelligence powered forecasting to labour scheduling and inventory management solutions

Fourth, a specialist in workforce and inventory management tech to the restaurant, hotel, retail, and leisure industries, has unveiled an artificial intelligence powered forecasting solution.

It says that restaurant operators can use this to improve labour scheduling, reduce food waste, and better manage inventory.

Through serving more than 100,000 locations globally and 14 of the top 20 US restaurant chains, Fourth has compiled a significant repository of restaurant data.

Its AI forecasting performs an in-depth analysis of historical sales data, guest counts, in-store promotions, holidays, and more to provide insight into labour scheduling and inventory management.

"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,” says Clinton Anderson, CEO, Fourth.

“Our ongoing investment and innovation are what sets us apart — focusing on creating actionable insights to automate decision-making so customers save time, reduce waste, and increase profits.”