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Top Challenges Facing Medical Device Companies When Scaling
3 Ways to Simplify Omnichannel Whitepaper from Vision33
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Rapid advances in medical technology are providing innovative companies with great opportunities to bring a new product to market and companies with established products to evolve. However, the processes by which products can be tested, proven and certified is heavily regulated. Having an ERP solution that supports these processes and has established controls around manufacturing and Supply Chain Management (SCM), can accelerate the time to market and get your product out ahead of the competition.
Whether it’s getting products licensed for sale, creating a strong international presence, making your company an attractive acquisition opportunity, or complying with FDA or other regulatory authorities, you can count on SAP Business One to help you achieve your business goals and stay ahead of the competition.
SAP Business One for Medical Device Companies is a comprehensive ERP software solution that has been tailored to the industry-specific needs and regulatory requirements of medical device manufacturers and distributors.
With SAP Business One, medical device manufacturers and distributors can take control of their business, streamline their entire manufacturing and supply chain operations, and allocate resources efficiently as the company grows using a single unified ERP system.
Improve your regulatory compliance, production and inventory control and global distribution capabilities using a trusted application, built for growing medical device companies.
SAP Business One provides end-to-end control of your manufacturing and supply chain to ensure your products adhere to strict industry regulations; including the FDA.
Support for multilevel serial and lot traceability of components provides complete visibility and proof of compliance with approved designs, suppliers and production methods.
Sophisticated project tools to support your new product introduction (NPI), including cost and production control for prototyping, testing and approval processes for the customer or clinical trials.
Once a product is approved for production, SAP Business One allows you to create and maintain multilevel bills of materials (BOMs) containing items, resources (capacity) and text (instructions).
Ensures that production is planned efficiently to meet customer deadlines and components from approved suppliers are ordered and delivered on time.
Efficiently manage product characteristics, locations, and variants so you can serve local and global markets with differing requirements for similar products and meet appropriate regulations for each.
Manage inventory in multiple warehouses and locations to meet customer demands in the most efficient and effective way possible, such as FIFO or shelf life. Monitor costs using FIFO, actual by lot/serial, moving average or standard costing.
On top of hundreds of standard reports, you can create custom dashboards containing queries, reports and analytics with accurate, real-time data. You can also extrapolate historical data into the future to forecast trends and make informed business decisions.
Set up various best practice business scenarios and automate administrative processes to save time and money and better concentrate resources where needed.
Fully embedded Quality Control (QC) within all steps of the production process and supply chain to ensure that not only are potential quality control issues detected in real time for correction, but a complete audit of all testing is kept and can be provided immediately against any product.
Integrate with CAD and PLM machines and devices, nesting solutions, and more.
Anticipate customer demands and have products available for delivery when orders are received. Coordinate and manage all your after-care support and services more efficiently.
Manage repair and replacement of warranty-controlled parts and products, control and monitor warranty cost, view up-to-date status on incoming units, repair orders and shipping of replacements.
Automate and document the recall process, trace back to original lots/batches, conduct recalls with any information at hand, conduct mock recalls to improve efficiency.
Top 5 Challenges Solved for Growing Businesses in the Medical-Device Industry
Learn how top medical device companies overcome common business challenges with the right technology.
SAP Business One is proven to help medical device companies support a lean organization that is agile and flexible from the R&D and NPI phase through to and after product introduction. This system can evolve and grow along with you in the fast-changing medical devices & components sector.
With a complete audit trail of manufacturing processes
Keep all records secure and organized for historical reporting and auditing events
With streamlined product development and manufacturing processes
SAP Business One is available in 42 country localizations and 27 languages for quick market expansion
Gain real-time and complete visibility and control over products in multiple locations and countries
By automating inventory reporting and forecasting and by preventing ballooning inventory levels
Gain visibility of available capacity to avoid bottlenecks and optimize production plan
When all your finance, supply chain, logistics, sales and warehouse data is accessed through one application
“Implementing SAP Business One has helped us bring together finance, supply chain, logistics and warehouse management under one platform and it has really transformed the way we do and run our business.”
Use secure, comprehensive documentation and tracing functionality throughout all the development, manufacturing and distribution process to cover these international medical device regulations.
See how SAP Business One has helped our medical device companies run simple, grow fast and drive profit.
By implementing SAP Business One for Medical Device Companies as your ERP solution, you can improve your company’s inventory management and regulatory compliance so that you can focus on continuing to grow your business and achieve your goals.
Talk to us now to learn more about SAP Business One for Medical Device companies.
We received genuine customer service from Vision33. We had very good representatives from Vision33 to assist in our implementation process. Daily communication and on-site visits assisted in gathering the information required to export our existing data from QuickBooks to SAP Business One
We are able to capitalize on SAP Business One, by generating reports from the database, using it as a platform to access information about each project, far superior to what other competitors can, at less cost.
With SAP Business One an order is made through our web site, we have achieved order turnaround in about 14 minutes; that’s real value for our customers.
Our customers are better taken care of and we can see all aspects of our business from one software package. That is invaluable in a small business.
Using SAP Business One we are now able to promptly get information to our customers that we weren’t able to get before – creating customer loyalty.
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