In our current era of disruption, traditional forecasting and planning approaches have quickly become obsolete.
You may be operating in an ineffective reactive mode for your demand planning, staffing, supply chain and channel management.
You know there has to be a better way forward — a more efficient way to manage the revenue of businesses in the hospitality industry. Without one, you risk:
OUT OF CONTROL
OUT OF CONTROL
You wonder if there’s a solution. And what will the future bring?
It’s likely that we’ll continue to see increased disruptions from the pandemic and the potential relapse,
civil unrest, recession, climate change, trade policies, and more.
Volatility will increase. That’s a given. And demand is difficult to predict and manage without the proper tools and analytics.
But novel approaches to performance hospitality analysis like Demand Sensing will help your organization navigate through the disruption and predict its impact on demand, consumer preference, and behavior.
Sensing Traditional time-series and descriptive forecasting no longer work in today’s turbulent environment. Don’t make new planning approaches an afterthought. Instead, add them to your arsenal now so you’re ready when the next disruption hits.
Download our free guide: How and Why To Put Demand Sensing to Work In Your Hospitality Business
We’ll decide on your optimal forecasting unit level, time horizon, and geographic granularity.
Next, we’ll embed external data from socioeconomic indicators, the news, social media, and IBM’s unique indexes.
Finally, we’ll integrate all this with your internal historical demand data and recommend your best forecasting approaches.
Here are the results our customers are seeing
More efficient use of working capital (lower inventories)
Avoidance of vacancies and mismatched pricing vs. demand
Minimized obsolete inventory
Increased customer satisfaction through increased availability and optimized pricing
Our client is a mid-size Community Bank that is using Fiserv for analytics and needed a way to unlock their data and utilize the full capabilities of Cognos Analytics within their Fiserv application. ...
Our client, a global manufacturer and distributor of flexible couplings, seals, and other innovative consumer plumbing products needed a system to help manage its inventory and analytics worldwide. Bu...
Our client is a call center service that provides support for the healthcare industry by coordinating medical transportation for Medicaid recipients. After growing rapidly from about 100 to more than ...
The advantages will filter through your entire organization.
We partner with leading providers of the most robust analytics and business intelligence platforms on the market today.
Would you like to see LPA’s Hospitality Solution in action? Watch
Webinar Content by Brendan Austin, Director of Financial Performance Management