Add Revenue Center Period dialog box in Forecast Structure

The Add Revenue Center Period dialog box appears when you select Add > Revenue Center Period in the Revenue Centers view of the Forecast Structure screen.

For more information, see Revenue Centers view of the Forecast Structure screen.

Fields on the Add Revenue Center Period dialog box

Field	Description	Notes
Name	Name of the revenue center period.	Required.
KBI Name	KBI associated with the revenue center period.	Required.
KBI Code	KBI code that is associated with the revenue center period.	Required.
Unit	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 when configuring Units.
Standard Set	Standard set associated with the revenue center period.
Calendar Plan	Whether the revenue center period is open or closed on a seasonal basis.
Capture Ratio KBI	KBI to be used as the denominator in the calculation of a capture ratio. A capture ratio is a common forecast-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.
Make Every Day The Same	Turn on ( ) to simultaneously configure all days with the same values. If the switch is turned on, the values table displays only one row. If the switch is turned off ( ), the values table displays a row for each weekday, and you must configure each day separately.
Table
Day	Day of the week.
Start Time	Start time for every weekday 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	End time for every day a start time was entered.
Capacity	Number for the total capacity (typical seating) of the revenue center period. 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 (for example, retail outlets) or if the seats available have no impact on staffing (for example, lounges). RMS uses the number in the Capacity field to develop labor requirements and to determine when guest demand exceeds capacity.
Retention	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 uses the number in the Retention field and other relevant data when calculating labor requirements. Retention is only applicable when service is delivered through multiple encounters with a customer—for example, taking an order, delivering drinks, delivering a meal, and so on.	Enter retention times in hour and minute increments. For example, one and one-half hours would be entered as 01:30.
Utilization	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 enter 75 (to represent 75 percent) in the Utilization field. RMS uses the number in the Utilization field to develop labor requirements.
Open	Select the check box if the revenue center period is open for business.
Min. Volume	Minimum volume required each day for the revenue center to be opened. For example, if 100 covers are required, enter 100. If there is no minimum required, enter 0. If you enter a minimum volume number and the forecast volume is lower than that number, RMS will consider the period closed.