MIQ Logistics Recognized for Excellence in Latin America

Overland Park, KS, January 31, 2012MIQ Logistics announced today that customer Minera Barrick Misquichilca (MBM), a wholly owned subsidiary of Canadian company Barrick Gold Corporation, presented the company with its Lean Supplier Award. Annually MBM invites over 250 of its suppliers to submit advancements made over the year that benefit MBM and improve the service they receive.

The award recognizes MIQ Logistics for its continued work in developing technologies that expedite MBM processes. Based on the MIQ Logistics PowerPlus purchase order and tracking system, the tool identifies and lists invoices with item-level costs. Three levels of automated alerts accompany an escalation process that allows MBM employees to quickly check costs, attach the purchase order and authorize payment. This process, along with real time KPI reports give visibility to the billing process by stage and reduced the overall billing cycle by 44%.

“This is the third consecutive year MBM has recognized the supply chain solutions of our Latin American operations, and we are honored by their award,” says John Carr, president and chief operations officer of MIQ Logistics. “The logistics requirements of the mining and energy industry are quite different from those supporting manufacturing or retail. We are committed to continue to provide innovative solutions to meet those special needs in Latin America and elsewhere in the world.”

About MIQ Logistics

MIQ Logistics is a global logistics company headquartered in Overland Park, Kansas and with offices in North America, Asia, Europe and Latin America. MIQ Logistics enables companies to improve their transportation network and overall supply chain efficiency by offering flexible logistics solutions supported by Web-native technology and global logistics management capabilities.

 

For more information:

Christa Lander
MIQ Logistics
Phone: 913.696.7371
Email: Christa.Lander@miq.co.uk