Manage Challenges in the Medical Devices Industry with an ERP System
Organisations in the medical devices industry rely on innovation and the ability to manage change as a key to success. There is constant pressure on margins, fluidity to global supply chains, challenges with cross border shipments, strains on material availability and imperatives around controlling cost and meeting the traceability requirements of their customers. SAP Business One helps streamline every process from operations, finance, procurement, production to distribution – efficiently maintaining business operations, ensuring quality, tracking costs and accounting, facilitating the inventories and managing the supply chain and distribution. Companies consistently need to invest in and adopt the latest technologies in the market to ensure improved customer service, high turnover rate and less operational costs.
SAP Business One ERP Software – Key Functionality for Medical Devices
Inventory module simplifies the tracking of stock levels across multiple sites and multiple stores. Users are enabled to issue and receive goods as well as transfer, return or even discard of goods in multiple unit conversions. Has powerful serial management of inventory. From a warranty claim or safety concern, one can trace the part back to the correct supplier.
Purchasing, Demand Planning and Supply Chain Monitoring
Delivers real-time information on the shipping, sales, and value chain departments – keeping an eye on the supply, demand, distribution, and logistics. Have greater, real-time insight into supply bottlenecks while eliminating siloed data by ensuring purchase requests are delivered within defined lead times. Allows you to maintain location wise safety and re-order levels ensuring your locations neither understocked nor over stocked and in turn reducing cost of holding stock.
Sales and POS
Sales module covers the processes of selling of goods and services with the help of customer-wise order management. This module is linked with the inventory module so inventory levels are updated after every successful consumption. The integrated POS system ensures timely sales billing.
Accounting module helps users in keeping track of all their accounting transactions and enables them to make better decisions. Improved financial reporting with real-time information from all departments including costing, profitability, credit exposure, cash flow, trends, budgeting, fixed assets and period end reporting.
Customer Relationship Management
Stay ahead of competitors with opportunity and pipeline management, customer relationship management and campaign management. Updated sales information allows production to see which order is for which customer, while historical sales information assists the marketing team on what initiatives to design for which customer and proactively engage them. Customer account information is critical to predict demand.
Analytics module can play a vital role in transforming your data into powerful decision making tools. With AI-based predictive analytics, this module can help in employing the right procedures to improve efficiency and productivity. The provision of complex metrics in the form of data visualizations can also help users in making better decisions.
Service Contracts and Workshop Service
The service scheduling feature automates the process and keeps track of work orders. When service requests are properly tracked, your resource allocation becomes easier. This helps in scheduling equipment maintenance or repair according to the convenience of customers and the availability of technicians; thus, leaving no room for the last-minute hassle and enables you to deliver consistent customer experiences.
Work Orders and Project Management
Allows setting of Bill of Quantities (BoQs) and streamlining the process with integrated inventory management. The plan of the entire process can be monitored giving visibility. Combine business data with industrial IoT data to maximize efficiency, improve sustainability, and cut costs.
Regulatory Compliance and Reporting
Manage exceptional events with automated workflow and alerts. Get forward and reverse traceability with automated recall capabilities. Have security audit tracking, archives of historical transactions & electronic signature approvals. Easily define the process validation and generate report as per compliance.
See how Medical Devices Customers are Succeeding