Add Revenue Center Period dialog box
Use the Add Revenue Center Period dialog box to add a revenue center period to an existing revenue center.
Field | Description | Notes |
Name  | Name of the period. |  |
Units                  | Select the unit of measurement. The standard unit of measurement for most revenue centers is covers; however, many lounges and gift shops are measured by dollars. The items available in the Units drop-down list are the ones you specified (or will specify) when configuring Units. |  |
Standard Set | Select the standard set from the drop-down list | Â |
Calendar Plan | Select whether the revenue center period is open or closed on a seasonal basis. | Â |
Capture Ratio KBI | Select a KBI to be used as the denominator in the calculation of a capture ratio. A capture ratio is a common forecasting-related metric that is used to evaluate the percentage of potential business that a Revenue Center is generating. | The numerator of the capture ratio is the KBI for the Revenue Center Period that you are configuring. |
Same value for all days | Select the check box to configure all days at one time, with the same values. If the check box is selected, the values table displays only one row. If the check box is cleared, the values table displays a row for each day of the week, and you must configure each day separately. | Â |
Values table | ||
Start Time | Type the start time for every day of the week the revenue center is open, or for every day the service, defined by the period you are creating, is offered. For example, you create a breakfast period for a restaurant that is open seven days a week but only serves breakfast five days a week. In this case you must enter a Start Time and End Time for the five days breakfast is served and select the Open check box for each day. Do not enter times and leave the Open box cleared for each day the period is closed for breakfast. | Enter the time using either the 12-hour or 24-hour format. RMS automatically converts your entry to the format established by your configuration settings. |
End Time | Type the end time for every day a start time was entered. | Enter the time using either the 12-hour or 24-hour format. RMS |
Capacity | Type the number for the total capacity (typical seating) of the revenue center. The number you enter should be the maximum available or "0". Generally this field only applies to restaurants. Do not enter a number in this field if the revenue center does not have seating (retail outlets, etc.) or if the seats available have no impact on staffing (lounges, etc.). RMS Â uses the number in the Capacity field to develop labor requirements and to determine when guest demand exceeds capacity. | Â |
Retention | Type the number for the average time a guest spends occupying a seat during a period. The number you enter in the Retention field will probably be different for each meal period that you define for a revenue center. RMS | Enter retention times in hour and minute increments. For example, one and one-half hours would be entered as 01:30. |
Utilization | Type the percentage of available seats that are usually occupied during the period you are creating. For example, if three out of four seats are used during a meal period, you would type 75 (to represent 75 percent) in the Utilization field. RMS uses the number in the Utilization field to develop labor requirements. | Â |
Open | Select the check box if the revenue center is open for business. | Â |
Min Volume | Type the minimum volume required each day for the revenue center to be opened. For example, if 100 covers are required, type 100. If there is no minimum required, type 0. If you enter a minimum volume number and the forecast volume is lower than that number, RMS will consider the period closed. |  |
Buttons | ||
Add | Adds the revenue center period and closes the dialog box. | Â |
Close | Closes the dialog box without applying your selections. | Â |