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#266

New Horizon is ranked #266 in the Supply Chain Management Software product directory based on the latest available data collected by SelectHub. Compare the leaders with our In-Depth Report.

New Horizon Pricing

Based on our most recent analysis, New Horizon pricing starts in the range of $1,000 or more.

Price
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Starting From
Undisclosed
Pricing Model
Undisclosed
Free Trial
No

Training Resources

New Horizon is supported with the following types of training:

Documentation
In Person
Live Online
Videos
Webinars

Support

The following support services are available for New Horizon:

Email
Phone
Chat
FAQ
Forum
Help Desk
Knowledge Base
Tickets
Training
24/7 Live Support

New Horizon Benefits and Insights

Why use New Horizon?

Key differentiators & advantages of New Horizon

  • Modular Platform: Each of New Horizon’s applications can be purchased and used standalone. However, you can also integrate them as needed to get the features you require. For example, if you deploy Demand Planning first and later decide to add Supply Planning and Strategic Planning, all 3 applications will be integrated together as soon as the new ones are activated.
  • Less Reliance on IT: A self-service administration interface reduces the amount of IT support required, resulting in a lower total cost of ownership.
  • Faster Implementation: Preconfigured industry templates help lower risk and implement more quickly. Compared to traditional planning software, the platform's implementation cycle results in realizing benefits sooner.
  • Integration Services: Collect transaction data, run plans and push them back to ERP systems for execution. Take advantage of pre-built connectors for SAP, Oracle E-Business Suite, Oracle ERP Cloud and NetSuite.
  • Security Services: New Horizon has extensive security measures to ensure data safety. Their security protocols are certified as "Grade A" by Qualys SSL Labs. They use Amazon S3 for secure file transfer and data protection.

Industry Expertise

New Horizon helps distributors reduce inventory, increase margins and improve service levels through features like automated demand segmentation and order recommendation generation. It also optimizes transportation costs by efficiently balancing discounts against carrying costs.

Specializing in retail, the software offers store-level replenishment, store allocation, and advanced forecasting using AI and machine learning.

It includes automated demand segmentation and optimization tools for forward buying and truck loading to reduce costs and improve efficiency for food service operators and distributors.

New Horizon Reviews

Average customer reviews & user sentiment summary for New Horizon:

User satisfaction level icon: excellent

6 reviews

100%

of users would recommend this product

Synopsis of User Ratings and Reviews

Based on an aggregate of New Horizon reviews taken from the sources above, the following pros & cons have been curated by a SelectHub Market Analyst.

Pros

  • Easy to Use & Familiar Interface: New Horizon utilizes an Excel-like platform, making it intuitive for users already familiar with Excel. This feature streamlines the learning curve and allows for easy data export and manipulation if needed.
  • Accurate Forecasting & Reduced Ordering Errors: New Horizon provides accurate forecasting and purchase order recommendations, leading to better production results and eliminating the need for manual order tracking for frequently changing customer needs.
  • Faster Implementation & Lower Costs: Compared to similar software, New Horizon boasts a smoother and faster implementation process, typically taking only 30 days. Additionally, it offers a cloud-based solution, reducing server maintenance needs and lowering overall costs.
  • Superior Customer Support: New Horizon is praised for its exceptional customer support team, consistently willing to customize the software to fit specific needs and addressing inquiries promptly.
  • Scalability & Data Handling: New Horizon effectively handles massive amounts of sales data, facilitating accurate forecasting for businesses of various sizes.

Cons

  • Potential Slowness for Large Worksheets: While users appreciate the ability to manage everything from a single source within New Horizon, some reviewers mentioned slowness opening worksheets with a large amount of data.
  • Less Efficient Handling of Slow-Moving Items: New Horizon excels at automating purchase orders for frequently moving items, but reviewers noted it may not be ideal for slow-moving inventory, requiring manual intervention.

Researcher's Summary:

New Horizon is known for its forecasting accuracy and effective planning tools, which have been commended for speeding up supply chain operations. It's especially useful for organizations trying to reduce stockouts and excess inventory. Most users say the software efficiently automates manual operations, using worksheets that look like the familiar Excel interface. 

Nonetheless, the software has some downsides. Most customers, particularly firms with complex processes or unique needs, found New Horizon's customization capabilities to be restrictive. The lack of granular control over specific functions can limit software use and cause challenges. 

Users also observed slower workflows and sluggish product movement. When selecting a supply chain solution, prospective users should examine these factors in addition to the benefits.

Key Features

  • Demand Planning: New Horizon uses Facebook Prophet technology, paired with AI and machine learning, to create precise forecasts. Features include process templates, automated clustering and ready-to-go KPIs like Bias and MAPE.
  • Multi-Echelon Inventory Optimization: This tool incorporates machine learning to generate more realistic safety stock recommendations. Users can see more accurate inventory optimization recommendations and run what-if simulations, ensuring you maintain appropriate stock levels. 
  • Supply Planning: This module offers an end-to-end solution for managing capacity, procurement, distribution, and inventory. You can create supply plans, optimize truck loading and balance inventory before increasing production. Features include ordering policy options, analysis tools. 
  • Buyer’s Workbench: Limit costs with purchase planning, truck loading optimization and forward buying. You can create distribution plans and perform post-mortem analysis to improve future planning.
  • Replenishment Planning: Designed for retailers operating at the store level, this module helps stores keep shelves stocked. It optimizes truck loading and offers reordering policies to ensure products are available when needed. You can allocate shipments based on store priority and demand, and distribute inventory where needed.
  • Production Planning: Manufacturers can plan better with tools to adjust based on supply and demand. Make sure materials are ready when needed, reduce delays and keep production running smoothly. Features include real-time progress tracking, scenario planning and automated approvals for POs and work orders. 
  • Sales and Operations Planning: A single-system approach gives you accurate data and aids decision-making across finance, sales, supply chain and marketing. Templates,  real-time anomaly alerts for supply/demand and integration with ERP for quick data updates are some key features.
  • Strategic Planning: Support long-term planning (3-5 years) by forecasting demand, supply and financial needs. The tools, including scenario analysis, help plan for future growth, align resources and manage risks.

Approach to Common Supply Chain Management Challenges

  • Capacity Planning: Businesses can schedule capacity on a monthly, quarterly or annual basis down to the product family level. Swiftly assess potential outcomes and concentrate on the larger picture, guaranteeing that they can efficiently plan for future supply needs.
  • Ordering Plan Generation: The system automatically creates order points based on programmable supply and safety stock regulations, including reorder point, economic order quantity and min-max.
  • Truck and Container Loading Optimization: It generates the best loading strategy for truck and container loads by accounting for weight, cube, pallet and case limits. This ability guarantees that supplies are well-planned and reduces freight expenses.

Cost of Ownership

Frequently asked questions regarding New Horizon pricing include:

Q: Does New Horizon offer a free trial?
A: No, the product doesn't offer a free trial, but they accept requests for a free demo on the website.

Q: What pricing models does New Horizon use?
A: New Horizon hasn't publicly published its pricing structure, so users might need to contact the company. However, it positions itself as a cheaper alternative to similar suites like Demantra.

Training Resources

New Horizon provides the following educational materials during the testing and launch processes:

  • Data Sheets
  • Solution Briefs
  • White Papers and Ebooks
  • Walkthrough Videos
  • Documentation
  • Standard Training Materials

Additionally, customized training programs are also available upon request.

FAQ

Frequently asked questions regarding New Horizon include:

Q: How does New Horizon integrate with existing enterprise software?
A: New Horizon offers pre-built connectors for popular ERP systems like SAP, Oracle ERP Cloud and NetSuite, ensuring seamless data flow between these platforms. Integrating with these common systems is straightforward.

However, integrating with less common or niche enterprise software may require custom development effort. New Horizon recommends consulting with their team during implementation, especially for companies with heterogeneous IT environments or unique systems, to discuss specific integration needs and requirements.

Q: Who is New Horizon suitable for?
A: The software can be used by mid-size and large enterprises in industries such as manufacturing, distributing and retail that want to enhance their supply chain planning.
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