NORWALK, Conn.--(BUSINESS WIRE)--Terra Technology today announced that it has been named a “Cool Vendor” in the Cool Vendors in Supply Chain Planning, 2015 report published March 31, 2015 by Gartner. Terra Technology is recognized for its Transportation Forecasting solution that provides forward visibility for logistics and allows companies to accurately predict warehouse and transportation requirements by lane, mode and temperature class across the supply chain.
According to the Gartner report, “Transportation Forecasting becomes increasingly important as capacity tightens and shippers are challenged to find a carrier willing to move a load for a reasonable rate. Transportation Forecasting allows users to plan ahead for special shipping requirements and also provides benefits to a company's warehouse operations. Once accurate daily forecasts are available, leaders can further cut costs through warehouse labor synchronization. The combination of predictable truck movements and confidence in daily flow of goods through distribution centers enables proactive cross-docking to increase warehouse efficiency and significantly reduce safety stock requirements. The result is less handling and a faster flow of goods, better warehouse utilization with each location supporting more sales, higher return on capital invested in inventory and lower operating costs.”
“We are honored to be selected as a ‘Cool Vendor’ by Gartner,” said Robert F. Byrne, CEO of Terra Technology. “Synchronized planning across the supply chain and end-to-end optimization is opening new opportunities to improve service, cut unnecessary costs and improve productivity. In logistics, capacity constraints and increasingly selective carriers require that shippers be proactive in predicting future freight demand, yet transportation remains largely unplanned beyond the orders on hand. Transportation Forecasting fills this gap for some of the world’s largest manufacturers such as Procter & Gamble, Mondelēz International, Kraft Foods and General Mills.”
About Terra Technology
Terra Technology uses better mathematics to sense demand, optimize inventory and predict transportation and warehousing requirements for some of the world’s best-known companies including Shell, Procter & Gamble, Unilever, Mondelēz International, Kimberly-Clark, AkzoNobel, Kraft Foods, General Mills, Reckitt Benckiser, ConAgra Foods, Kellogg, Campbell Soup and others. Terra invented demand sensing in 2002, offering the first solution to use retailer data systematically to improve supply chain efficiency, enhance service, cut inventory and reduce waste. Terra’s solutions are used in more than 160 countries. Information on how Terra enables a truly integrated supply chain can be found at terratechnology.com.
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