Asset management and investment firm Achieve Partners is throwing its weight behind new boutique procurement and supply chain advisory firm RiseNow. The investment is part of Achieve’s broader project. The firm’s strategy is to identify high growth companies in fields facing severe talent shortages. Then, it builds apprenticeship programs to close those gaps and speed up growth.
Dealing with disruption and disarray
The COVID-19 pandemic threw the world’s supply chains into disarray from which they are still working to recover. Simultaneously, new sources of disruption continue to create major challenges for supply chain executives and purchasing departments. From extreme weather events and political conflict to the skills shortage, CPOs are facing myriad challenges. As a result, execs are looking for new solutions to the problems presented by this era of perpetual disruption.
As a result, organisations are embracing technology at a remarkable rate. Ongoing challenges are driving the need for advanced SaaS platforms to support critical digital functions. However, according to RiseNow, many organisations adopted technology as a quick fix. As a result, they have overlooked critical process design and talent considerations needed for long-term success. Uniquely positioned to build the operating models and talent necessary to implement, configure, integrate, and manage these technologies at scale, the newly launched RiseNow is ensuring companies achieve sustainable outcomes in an increasingly complex landscape.
Meet RiseNow
RiseNow was one of the first implementation partners of leading platforms like Coupa, JAGGAER, SAP Ariba, and Tecsys, and is currently investing in building an intake and orchestration practice. The organisation was a pioneer in inventory management, point-of-use, and warehouse management, especially in healthcare, so hospitals and clinicians have sustainable, reliable, and efficient access to what they need to provide the best patient care.
Achieve’s investment will reportedly enhance and propel RiseNow’s capabilities in these already-established areas.
“Procurement and supply chain are evolving at an unprecedented rate, which is both driving reliance on expert boutiques and exacerbating a longstanding talent shortage to manage next-gen software and processes that support these functions,” says RiseNow co-founder and CEO Matt Stewart. “Many companies rely on offshore talent, but we’re committed to creating opportunities for the next generation’s workforce here at home. I would not be here without those who apprenticed me, and this disruptive model is exactly what’s needed right now. So we’re delighted to announce the launch of RiseTalent, the first apprenticeship program for digital procurement and supply chain.”
“RiseNow is bringing both domain expertise and innovative thinking to bear on addressing the unique challenges facing modern supply chains,” added Cassidy Leventhal, Principal at Achieve. “This investment goes beyond capital – we’re partnering with RiseNow to redefine how talent, technology, and processes intersect, ensuring their customers not only implement advanced systems but also have the people and operational frameworks to leverage them effectively.”
