Fourth Analytics: Understanding the Dynamic Drivers Dashboard (HotSchedules)

Fourth Analytics allows users to export dashboards, reports, and graphs to further analyse and share the data within the business.

The Dynamic Drivers dashboard is a fundamental element of the Fourth Analytics solution available to HotSchedules customers, providing reporting options including sales, guests, tables, items, covers, and deliveries.

Overview Tab

• The Overview tab of the Dynamic Drivers dashboard provides a comprehensive view of business performance across various volume types (e.g., sales, check-ins) and allows for tracking of variances between actual data and forecasts (manager or system). Key insights include:
• • Operational Trends: Visualizing how key volume types fluctuate over time
  • Forecast Accuracy: Using WAPE to assess how well system or manager inputs match actual data
  • Problem Identification: Highlighting locations or dates with poor performance or forecast accuracy, helping managers focus their efforts where needed

Locations Tab

• The Locations tab is designed to give a location-specific breakdown of how well forecasts align with actual performance across multiple sites. Key insights include:
  • Forecast Accuracy: Users can quickly identify which locations have the most accurate (or inaccurate) forecasts by reviewing WAPE metrics for each site
  • Performance Monitoring: By tracking both the best and worst performers, users can focus efforts on improving the forecasting accuracy at the underperforming locations
  • Problem Detection:The tab highlights locations with persistent forecast issues (WAPE > 20%), allowing users to prioritize interventions and identify dates or trends where forecasting accuracy needs improvement
    
    
    
    
    

Revenue Centers Tab

• The Revenue Centers tab provides a breakdown of volume metrics by different revenue-generating areas, allowing users to track and compare operational performance across various business channels
  
  
  
  

Volume Performance Tab

• The Volume Performance tab gives users detailed insights into forecast accuracy by volume type (e.g., Sales, Guests, Items), helping them understand how well forecasts align with actual performance
  
  
  
  
  

Future Days Tab

• The Future Days tab is designed to help plan for upcoming days by providing insights into forecast accuracy and volume projections