SYSTEM AND METHOD FOR WORKFORCE REQUIREMENTS MANAGEMENT
First Claim
1. A method for managing workforce requirements of a service industry organization, the method comprising:
- analyzing historical transaction data to generate a transaction volume forecast;
analyzing the historical transaction data to identify demographic variance factors;
analyzing the demographic variance factors to identify at least one demographic variance factor having a statistically significant impact on transaction time;
determining a transaction time based on the at least one demographic variance factor identified; and
creating a full time equivalent requirement forecast based on the transaction volume forecast and the transaction time.
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Accused Products
Abstract
The present invention provides a workforce requirements management system and method that determines future demand for service related transactions or activity and optimizes the planning of workforce to meet the future demand. Initially, the workforce requirements management system reviews historical data regarding transaction volume and service activity to determine the future demand for such transactions or service activities. The historical data may come from a conventional enterprise resource planning application and/or include demographic data and/or economic indicators. The workforce requirements management system can optimize a forecast by isolating certain variance factors and refining the forecast accordingly. A forecast can also be optimized by estimating transaction times and correlating variance factors with estimated transactions times. Additionally, the workforce requirements management system can optimize the forecast based on the queuing model employed for the particular service. Finally, the workforce requirements management system can create a long term resource plan that identifies the most efficient balance of full time equivalent and part time equivalent staffing levels to meet the long term forecast need at the desired service level at the lowest overall labor cost. Specific outputs generated by the workforce requirements management system include a transaction forecast, a resource forecast, a resource plan, and a resource schedule.
22 Citations
20 Claims
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1. A method for managing workforce requirements of a service industry organization, the method comprising:
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analyzing historical transaction data to generate a transaction volume forecast; analyzing the historical transaction data to identify demographic variance factors; analyzing the demographic variance factors to identify at least one demographic variance factor having a statistically significant impact on transaction time; determining a transaction time based on the at least one demographic variance factor identified; and creating a full time equivalent requirement forecast based on the transaction volume forecast and the transaction time. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A system for managing workforce requirements of a service industry organization, the system comprising:
a processor configured to analyze historical transaction data to generate a transaction volume forecast, analyze the historical transaction data to identify demographic variance factors, analyze the demographic variance factors to identify at least one demographic variance factor having a statistically significant impact on transaction time, determine a transaction time based on the at least one demographic variance factor identified, and create a full time equivalent requirement forecast based on the transaction volume forecast and the transaction time. - View Dependent Claims (9, 10, 11, 12, 13, 14)
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15. A computer readable medium comprising executable instructions which, when executed by a processor, manage workforce requirements of a service industry organization by directing the processor to:
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analyze historical transaction data to generate a transaction volume forecast; analyze the historical transaction data to identify demographic variance factors; analyze the demographic variance factors to identify at least one demographic variance factor having a statistically significant impact on transaction time; determine a transaction time based on the at least one demographic variance factor identified; and create a full time equivalent requirement forecast based on the transaction volume forecast and the transaction time. - View Dependent Claims (16, 17, 18, 19, 20)
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Specification