Terra Technology CEO Invited to Speak at United Nations Conference.
Robert Byrne to Discuss How Demand-Driven Planning Can Reduce Waste and Slow Climate Change
NORWALK, Conn. -- Terra Technology (www.terratechnology.com), the leading provider of demand sensing and inventory optimization solutions for consumer products companies, today announced that Robert F. Byrne, Terra's president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , will present "Going Green Through Better Math" at the United Nations Information and Communications Technologies (ICT (1) (Information and Communications Technology) An umbrella term for the information technology field. See IT.
(2) (International Computers and Tabulators) See ICL.
1. (testing) ICT - In Circuit Test. ) and Climate Change Conference in New York City New York City: see New York, city.
New York City
City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. on November 28 at 11:45 am. Byrne was invited to participate because Terra's Demand Sensing and Inventory Optimization solutions improve production planning, enabling manufacturers to more accurately match production with true demand, decreasing production and inventory, reducing waste and saving resources.
Byrne said, "Right now there is more than $5 trillion of inventory in the world, half of it produced in advance of a need that may never come. Terra's solutions apply better mathematics to the planning process, enabling manufacturers to produce only what is necessary when needed. Resources are not wasted in unwanted production that grows obsolete or has to be stored and reshipped due to incorrect planning."
The ICT conference will focus on the role of information and communication technologies in assuring environmental sustainability and slowing climate change. Expert panels will probe topics such as social and environment responsibility, corporate citizenship Corporate Citizenship
The extent to which businesses are socially responsible in meeting legal, ethical and economic responsibilities placed on them by shareholders. The aim it to create higher standards of living and quality of life in the community in which it operates, while , energy efficiency, environmental leadership, and climate stewardship, and experts will share what the largest corporations, governments, nations, and civil society members, are doing now, and what they will do in the future, to address climate change.
Terra's Demand Sensing and Multi-Enterprise Inventory Optimization solutions enable a green supply chain by applying better math to the supply chain. Terra's solutions analyze daily demand information to improve production and inventory planning, decreasing overproduction o·ver·pro·duce
tr.v. o·ver·pro·duced, o·ver·pro·duc·ing, o·ver·pro·duc·es
To produce in excess of need or demand.
o of unnecessary goods and incorrect inventory allocation.
About the United Nations Global Alliance for ICT and Development (GAID GAID Global Alliance for ICT and Development ) (http://www.un-gaid.org): The GAID was launched by the United Nations Secretary-General The Secretary-General of the United Nations is the head of the Secretariat, one of the principal organs of the United Nations. The Secretary-General acts as the de facto spokesperson and leader of the United Nations. to contribute to promoting the use of information and communications technologies for the achievement of the internationally agreed development goals, including the United Nations Millennium Development Goals “MDG” redirects here. For other uses, see MDG (disambiguation).
The Millennium Development Goals are eight goals that 192 United Nations member states have agreed to try to achieve by the year 2015. (MDGs). The GAID provides an inclusive, multi-stakeholder global forum and platform for cross-sectoral policy dialogue, and enables and catalyzes multi-stakeholder partnerships for action.
About Terra Technology
Terra Technology is the leading provider of demand sensing and inventory optimization software for consumer goods consumer goods
Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and companies. Terra's solutions work with traditional planning systems to monitor daily demand signals and reduce 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. Based in Norwalk, CT, Terra's customers include Campbell Soup, Procter & Gamble, The J.M. Smucker Company and Ventura Foods. For more information, please visit www.terratechnology.com or call 203-847-4007 x108.