#USA #Supply Chain #Portsmouth #Loftware #RiseNow

In a significant move to revolutionize the supply chain efficiency and compliance, Loftware, a global leader in product identification, has announced a strategic partnership with RiseNow, a premier consulting and managed services company specializing in procurement and supply chain solutions. This collaboration aims to bridge the gap between product identification and the procurement process execution, thereby enhancing the transparency, traceability, and operational reliability across organizations.The focus of this partnership initially targets the healthcare sector where product identification and traceability are crucial for patient safety and audit preparations. With Loftware’s product identification solutions integrated with RiseNow’s expertise in managing procurement processes, the partnership is set to alleviate the fragmented nature of these processes that often hinder visibility and compliance. According to Justin Sadler-Smith, the Chief Revenue Officer at Loftware, there is increasing pressure on companies to see measurable business outcomes from their investments in SAP. The alliance with RiseNow is expected to bolster this value by combining deep transformation expertise with more intelligent product data management. "This partnership is particularly critical for healthcare and other highly regulated industries where accurate information and compliance with regulatory requirements are paramount for ensuring continuity of supply and reliability of operations,” Sadler-Smith stated. The partnership promises an end-to-end visibility and traceability capabilities while aiming for scalability in various sectors, starting from healthcare and extending towards industrial applications and beyond. RiseNow's President, Steve Dailey, expressed excitement about this collaboration, stating, "We are thrilled to join forces with Loftware in a global strategic partnership focused on enhancing visibility, control, and optimization across the supply chain. Our consulting services complement Loftware’s product identification solutions, allowing us to address core issues that impact our clients’ operations." Through shared expertise, both companies are poised to help organizations enhance decision-making processes, ensuring a more secure and compliant operational environment throughout the product lifecycle. Loftware provides cloud-based solutions that encourage real-time collaboration, ensure compliance, improve authenticity, and facilitate supply chain traceability from product development to consumer engagement. Meanwhile, RiseNow has been recognized for its deep industry knowledge and exceptional operational improvement services that assist mid-sized firms and Fortune 2000 companies in transforming procurement and spend management processes. Founded in 2010 and headquartered in Leawood, Kansas, RiseNow aims to equip its clients with innovative digital sourcing solutions and Source-to-Pay lifecycle management. In recent months, RiseNow has attracted significant investment to bolster its growth and talent development within the industry. This transformative partnership signifies an essential step forward in addressing critical supply chain challenges faced by organizations worldwide, ensuring that businesses can navigate increasingly complex environments with greater efficiency and compliance.