Terra Technology announces its new Real-Time Inventory (RTI) software, an inventory optimization solution that enables consumer goods companies to set inventory levels more accurately. Through advanced mathematical formulas, RTI decreases safety stock levels by 10 percent or more while improving service levels and reducing out-of-stocks.
Unlike some inventory optimization solutions, RTI measures actual forecast error over actual lead time to determine inventory requirements— not estimates derived from weekly or monthly measurements. The company says that using actual error rather than derived estimates significantly improves results.
Company: Terra Technology
Company Phone: (203) 847-4007
Company URL: www.terratechnology.com