Having precise sales projections is the key to running a successful business since it affects all areas of operation. Attempting to accurately project sales and transactions for your business can often feel like a complex and time-consuming task, especially if you rely on a system that overcomplicates the process of forecasting. These systems lead to wasted time and inaccurate projections, causing a decline in business operations.
Zip Forecasting eliminates these problems by introducing a system that will easily integrate with your business, and make forecasting sales easier than ever before. Our intuitive interface is easy to use, easy to learn, and easy to teach. Zip Forecasting also lets you schedule events, and even includes a weather forecast so that you are always aware of anything that could potentially impact your sales.
Being able to track historical sales data is important to your business, as it gives you the ability to easily identify trends and improve your future projections. Our program fully integrates with your POS, pulling sales and transactional data directly from your system and placing into our database. You can use this valuable information to see how close, or far, you were from hitting your projected sales.
While Zip forecasting lets you analyze sales on a daily basis, we have also given you the ability to track and project sales within 15, 30, and 60-minute intervals so that you can recognize trends and identify any problems in your business. Being able to recognize which days and time periods are slowest will also open up opportunities to have specials and promotions that can help increase sales for your business.
One of the biggest issues produced by inaccurate forecasting is overspending on labor. If you are consistently missing projections by large margins you will have more staff scheduled than necessary on slower days, which means extra employees will be on the clock wasting labor hours. Conversely, not having enough employees working on busier days means they will have to stay longer than their scheduled times which will lead to OT, ultimately increasing your labor costs.
Zip Forecasting provides you with all the tools necessary to generate projections that are as accurate as possible, which will help reduce your business’s labor costs while ensuring you are properly staffed every single day. You can even set up your own labor matrices, letting you decide how many employees you want working for certain sales thresholds. With Zip Forecasting, you will never have to worry about wasted labor again.
Without accurate projections, your managers and staff won’t know what to expect on a daily basis. This uncertainty will add unnecessary stress to every shift that will cause problems like confusion, unexpected rushes, decreased throughput, and poor customer service. All of these problems will hurt the productivity of your business and ultimately cause a decrease in sales.
Zip Forecasting helps optimize your business operations through accurate sales projections so that you and your team know what to expect and when, making sure you are prepared for every shift. Our system helps you forecast hours for every position, so that every department is properly covered. When shifts run smoothly, there is a noticeable increase in throughput, quality, and customer service that will keep customers coming back, leading to increased profits for your business.
Time is extremely valuable in any business, and having to forecast sales every single week can become very time consuming. Nobody is perfect, and entering projections manually comes with the added risk of human error. While you do have the option to manually forecast sales every week, we believe that time could be spent doing something more important like being out in your store focusing on customers.
Zip Forecasting uses an advanced forecasting algorithm, which will completely automate your forecasting based on historical data. This advanced system lets you choose the criteria you want your forecasted sales to be based on whether it’s the previous week, month, or year.
Unfortunately, one overlooked consequence of inaccurate projections is having problems with inventory. Projections that are too low will cause your store to run out of food, leading to unhappy customers and extra food orders, which will drive up inventory costs. On the other hand, over-projecting will lead to excessive orders that will increase your waste and generate a high variance.
Zip Forecasting eliminates all of these problems by implementing accurate projections that will lead to precise food orders, which will help reduce waste while making sure you always have the appropriate amount of inventory. Being properly stocked means your customers can always order exactly what they want, which will keep them coming back for more.
Business forecasting is undoubtedly an important aspect of running a successful business, and depending on the size, ...Read More
Choosing the appropriate forecasting method for an enterprise doesn't need to depend on guesswork. Here's what busine...Read More
Whether it's an established business or a newly-formed startup, the cost of doing business is an important financial ...Read More
Efficient demand planning is crucial for maximizing profits and optimizing costs. Learn how to utilize the best pract...Read More
Business growth is integral to any company's survival. But growth is also an abstract concept. Find out what it means...Read More
Learn what funding options are available, how to choose the right business funding option, and increase the chances o...Read More
Predictive analytics alert companies of emerging trends, allowing them to make informed business decisions to enhance...Read More
A business impact analysis (BIA) is a useful tool that quantifies the effect of disruption, helping business leaders ...Read More
In project management and operations planning, resource allocation is the strategic assignment of materials and funds...Read More
Organizations should perform regular cash flow projections to monitor funds and optimize investments and expenses. Th...Read More
A data-driven business uses historical and real-time information from various sources to make informed decisions. Thi...Read More
Business analytics uses a series of scientific processes to provide companies with valuable insights into their proce...Read More
By practicing cost control, organizations can minimize expenses to promote efficiency and profitability. This enables...Read More
By creating a business development strategy, a company can ensure its processes, infrastructure, and activities are a...Read More
Demand management is a critical planning methodology that balances the needs of customers with the supply chain capab...Read More
Managing small business finance involves extensive bookkeeping, organization, and accounting to maintain healthy cash...Read More
Get quick and accurate forecasts today. Try it free.