Terra Technology Appoints Michael Mastroianni Vice President, Supply Chain StrategyFormer Campbell Soup executive to support growing interest in multi-enterprise demand sensing and inventory optimization solutionsNorwalk, Conn., June 3, 2008 – Terra Technology (www.terratechnology.com), the leading provider of demand sensing and inventory optimization solutions for consumer products companies, today announced that Michael Mastroianni has been appointed as vice president, supply chain strategy. With over 25 years of manufacturing experience at best-in-class consumer products companies including Campbell Soup and Nabisco, Mastroianni will be responsible for helping Terra’s clients enhance their S&OP and planning processes by becoming more demand-driven. Robert Byrne, president and CEO of Terra Technology, commented, "Mike brings to Terra more than two decades of experience managing best-in-class supply chains for top tier consumer products companies. With his proven record of success at Campbell Soup and Nabisco, I cannot think of anyone better positioned to leverage his experience to help our clients implement demand-driven solutions to improve forecast accuracy and service levels, decrease manufacturing costs and increase profits." Mastroianni has extensive experience in transforming consumer products supply chains. Over the past seven years, he played a leading role in the end-to-end transformation of Campbell Soup’s North American supply chain, where he managed day-to-day operations across the company’s 14 North American manufacturing locations, global S&OP, planning, commercialization and continuous improvement. Prior to Campbell Soup, Mastroianni spent 14 years at another consumer products giant, Nabisco, where he led a $10 million transformation of supply chain systems, including shop floor, accounting, purchasing, finite scheduling, capacity planning, Distribution Resource Planning (DRP), Manufacturing Resource Planning (MRP) and network cost optimization modeling. "Terra's solutions enable consumer products companies to decrease forecast error and increase responsiveness to consumer demand," said Mastroianni. "I know first-hand the tremendous results the software provides. Implementing Terra's solutions at Campbell Soup decreased inventory $10 million in the first year alone, and I look forward to helping other consumer products companies achieve similar results." About Terra Technology Terra Technology is the leading provider of demand sensing and inventory optimization software for consumer goods companies. Terra's solutions incorporate demand signals from throughout the supply chain including retailer data, reducing forecast error by up to 50 percent and inventory up to 20 percent. More accurate forecasts and inventory targets improve customer service, lower inventory, decrease unplanned changeovers and reduce costs. Terra's customers include Campbell Soup, Procter & Gamble and Ventura Foods. For more information, please visit www.terratechnology.com or call 203-847-4007 x111. |
