Mymediset and Terso Solutions Partner to Launch Innovative Consignment Tracking Platform

mymediset, a leader in SAP solutions for the medical device industry, and Terso Solutions, renowned for its RFID tracking solutions, have announced the creation of mymediset LiveSync. This groundbreaking platform aims to revolutionize the management and tracking of consigned inventory worldwide. Set for a Q3 2024 launch, the collaboration incorporates mymediset's SAP automation technologies with Terso's advanced RFID systems, offering real-time visibility over consigned life sciences products.

The initiative addresses the industry's multi-billion-dollar problem related to inventory over-stocking and tracking inefficiencies. By integrating all consignment records into a single platform, mymediset LiveSync allows for seamless and effective inventory management, from replenishment to disposal.

CEOs from both companies have expressed their enthusiasm about the partnership. They predict significant benefits for customers in managing consignments more efficiently, thereby improving operational excellence and competitive advantage in the medical and life sciences sectors.

mymediset LiveSync aims to automate the consignment process, connecting stakeholders and providing instant, actionable insights into inventory status. The collaboration between mymediset's cloud-based solutions and Terso's RFID technology promises to transform consignment management by ensuring product availability and integrity while optimizing inventory levels and costs.