Terra Technology Releases Real–Time Forecasting Version 2.5

Product innovation enables dramatic reductions in forecast error

RIDGEFIELD, CT. – September 21, 2004 – Terra Technology (www.terratechnology.com), the leading provider of Real–Time Forecasting (RTF) solutions for consumer goods companies, today announced the availability of RTF Version 2.5. This release extends the capabilities and usability of the software, enabling more companies to reduce forecast error rates by as much as 50%.

"The Return on Investment (ROI) this company received from using Terra Technology’s RTF tool is clear. After decades of accepting low forecast accuracy rates, the supply chain organization is trusting the tool and building credibility throughout the plants. The project leader stated that Terra Technology’s RTF tool is the ’best solution of its kind.’" Source: Laura Preslan, Janet Suleski and Jennifer Arigoni, The AMR Research Alert July 15, 2004.

"Working with leading consumer goods companies has given us the opportunity to continue to resolve the complexities associated with creating the best possible demand plan," said Robert F. Byrne, President and CEO of Terra Technology. "As a result, we have increased the precision of the patent–pending forecasting engine, and at the same time, improved the end–user experience." Byrne continued, "This newest release demonstrates Terra’s ongoing dedication to our customers’ success and our commitment to delivering proven solutions that deliver real business value."

RTF Version 2.5 Enhancements

Terra’s Real–Time Forecasting 2.5 reflects functional enhancements and end-user productivity including:

Powerful Forecasting Engine:

  • Two additional forecasting methods are now available, delivering additional accuracy
  • Improved handling of intermittent patterns, using special cases and methods when the main methods are not as effective
  • Strengthened demand pattern recognition, analysis of the data, and intelligent selection of the most appropriate forecasting method

Enhanced Customer Experience:

  • Standard integration with Manugistics® Demand Planning and Fulfillment
  • Customizable reporting and analysis

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.