The major benefit of the Planning feature is has the ability to generate accurate daily and weekly forecasts. A forecast is a tool that enhances your ability to make important decisions and control departmental performance. In the service industry, much of the day-to-day effort is devoted to anticipating and meeting the demands of guests , (a responsibility that is placed upon management personnel and employees). Meeting these needs requires that you adequately provide and use available resources. The more you know about guest demand, the more effectively you can meet that demand. The key to meeting demand is to know how much demand there will be and when that demand will occur. The main purpose of a forecast is to determine the level of demand.
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There are several tasks involved in creating an accurate forecast. Typically, planning tasks are performed once a week. To perform these tasks, you will need the actual book count and environments from the Reservations Manager, and as well as the Group and Contract forecast from the Sales Department.
Fields on the Planning screen
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| Field | Description | Notes |
Display basic options | View only the most used planning tasks. | Default view: Display basic options. |
Display advanced options | View all planning tasks. |
| Task | Name of the planning task. |
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Status |
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User | User name of the last person who performed the task. |
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Complete |
Indicated whether the task has been completed. | If the task is marked as Complete, but you find that the task is not complete, you can clear the check box. |
Action | To access the task, click the appropriate button. |
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Forecasting Elements
Configuring forecasting features is accomplished through the following:
System Configuration/Forecasting Configuration:
- Establishing Establish market segments for rooms forecasting.
- Establishing Establish revenue centers for developing forecasts.
- Establishing Establish KBIs that impact outlet forecasts, or that will be used for determining labor standards.
Using Forecasting Features
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- Entering Enter actual data that will be stored for use in forecast development.
- Entering Enter revised forecasts based on data not available to Watson
.Include Page RMS-ProductName RMS-ProductName - Generating Generate statistical forecasts based on the information that was entered into the system.
System Reports/Forecast Reports
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- Print reports that provide forecasts for the coming week.
- Print reports that provide actual volumes for previous weeks.
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Related topics:
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