NetSuite for Medical Device
ERP Software for Medical Device Manufacturer
For medical device manufacturers, staying up to speed on the latest developments and opportunities is paramount. The right enterprise resource planning (ERP) platform gives you the ability to efficiently manage the complexities of your business securely in the cloud.
NetSuite ERP, the leading cloud ERP platform for midsize businesses, is built to support medical device manufacturing businesses with real-time, pre-built reporting, a 360-degree view of the buyer, supply chain optimization, and more. As you grow, grow with a platform that can support and scale alongside you.
At Luxent, we help medical device manufacturers and distributors use NetSuite to drive growth throughout their business processes.
How LUXENT Supports Medical Device Manufacturers with NetSuite ERP Solutions
LUXENT, a NetSuite Certified Solution Partner, delivers specialized ERP solutions for medical device manufacturers. We understand the industry’s regulatory requirements and complex supply chains, providing NetSuite services that boost operational efficiency and ensure compliance. Our services include:
- NetSuite Licensing: As a certified provider, we help medical device companies choose the right NetSuite licensing options to ensure the best functionality and cost-effectiveness.
- NetSuite Implementation: We offer a strategic implementation plan to maximize the value of your NetSuite ERP investment, ensuring a smooth transition that aligns with industry best practices.
- Custom Development and Integration: Our SuiteCloud Developers and solution architects customize NetSuite to meet your specific needs, from integrating third-party applications to creating custom workflows, enhancing your ERP system’s productivity and compliance.
Why Choose NetSuite Cloud ERP for Medical Device Companies?
NetSuite ERP provides a tailored solution for medical device manufacturers and distributors, streamlining operations and enhancing visibility across the supply chain. This leads to improved efficiency and compliance. Here’s how NetSuite benefits the medical device sector:
Streamlined Operations for Healthcare Companies
NetSuite automates key processes like inventory management and order processing, reducing manual data entry and minimizing errors. This saves time and resources, ensures consistent data, and allows companies to focus on strategic growth.
Boosted Productivity and Innovation in Medical Device Manufacturing
Medical device companies must innovate quickly while staying productive. NetSuite helps by optimizing production schedules, improving resource management, and offering real-time operational insights. This supports faster product development, reduces time-to-market, and fosters innovation in creating life-saving devices.
Regulatory Compliance Made Easy with NetSuite Solutions
The medical device industry faces strict regulations, such as FDA requirements and ISO standards. NetSuite provides compliance management tools, including detailed reporting, customizable searches, and audit trails. These features help companies stay compliant with changing regulations and maintain high-quality and safety standards.
Optimized Supply Chain Management for Medical Device Manufacturers and Distributors
NetSuite offers complete visibility and control over the supply chain, from procurement to delivery. This allows for efficient supplier management, accurate demand forecasting, and reduced lead times, ensuring products are available when needed.
Scalability and Flexibility with Oracle NetSuite
NetSuite grows with your business, allowing you to add new modules and features as needed. This flexibility makes it ideal for medical device companies looking to expand operations while keeping costs and complexities under control.
Understanding the Challenges for Medical Device Companies
The medical device industry must navigate strict regulatory compliance, quality control, complex supply chain management, and rapidly changing market dynamics. Companies need to maintain high standards while optimizing operations, adhering to guidelines from regulatory bodies like the FDA and ISO, and ensuring product quality and safety. This requires robust systems that provide real-time data visibility and traceability across all processes. To stay competitive, companies must balance innovation with cost-efficiency by streamlining inventory management, optimizing production, and ensuring timely delivery. NetSuite for Medical Device offers an integrated ERP solution that enhances operational efficiency, automates processes, and supports growth in this highly regulated sector.
Get More with NetSuite
Efficiently Manage Your Financial Processes
From bank reconciliation and assets management to receivables, payables, revenue management and more, NetSuite helps you automate complex financial processes.
NetSuite financial management solutions expedite daily financial transactions, reduce budgeting and forecasting cycle times, ensure compliance and accelerate the financial close. Our cloud-based platform delivers real-time visibility into the financial performance of any business, from a consolidated level down to individual transactions. NetSuite financial management seamlessly integrates with additional business applications — including order management, inventory, CRM and commerce — so you can run your entire business with a single solution.
Control and monitor your outsourced manufacturing processes like they’re your own.
Where a product is manufactured, and who it’s manufactured by, should not be a barrier to growth. NetSuite delivers a global view of inventory, regardless of where it is in production, allowing companies to manage outsourced production as if they were doing the manufacturing.
NetSuite provides real-time inventory visibility, vendor location management and full distribution requirement planning (DRP) capabilities for multi-location planning.
Automatically balance supply and demand, ensuring you have the right inventory in the right place at the right time.
Scheduling is one of the most complex functions within manufacturing. NetSuite delivers a real-time scheduling engine that is flexible, yet intuitive, with finite and infinite capacity scheduling.
View all upcoming work orders – when you want, how you want.
With either a traditional calendar view or a Gantt chart, NetSuite displays upcoming production with intuitive drag-and-drop tools. Once everything is scheduled, get a real-time view of production and even identify potential problem areas.
Manage your suppliers and purchasing processes with the visibility to ensure you get the products when you need them, at the best price.
NetSuite was built to support the needs of product-based businesses from the start. Today, it offers a variety of native features like requests for quote, blanket purchase orders and purchase contracts to help ensure that you have the right materials or items available, at the right time, in the right place.
Make the procure-to-pay process more efficient with smarter spending.
NetSuite helps companies improve the procurement process with tools that better monitor spending, simplify requests for goods and services, and deliver real-time visibility throughout your operations.
Make improvements across the floor.
Many manufacturers spend significant time and effort trying to perfect future plans with planning and scheduling applications. Recording when, where, what, why and how your products are currently being manufactured is just as critical. In fact, it’s a key element to a more accurate schedule. NetSuite makes it easy to quickly and accurately gather information from the manufacturing process.
Get real-time updates from the shop floor via NetSuite’s interactive tablet application.
The tablet application can be deployed through any tablet’s browser and can accurately record exactly what’s happening during each step of the manufacturing process. The application provides an interactive work queue showing all current and future operations scheduled through the current work center. The user-friendly layout is specifically designed to be used in harsh manufacturing environments and can even be operated while wearing gloves.
Manage the Complete Customer Lifecycle
Today’s successful companies adapt to their customers’ needs. Where possible, they have replaced manual processes with automated ones to increase efficiency and responsiveness.
NetSuite customer relationship management (CRM) delivers powerful capabilities all in a single cloud solution, including sales force automation, marketing automation and customer service and support management. NetSuite CRM also includes powerful sales performance management, order management and partner management seamlessly integrated with your NetSuite ERP and ecommerce systems. A complete picture of sales helps you plan your shop floor operations and improve your forecasting.
Designing and manufacturing a high-quality product doesn’t happen by accident.
NetSuite helps you deliver the highest quality in your products with minimal overhead. Define inspection plans, pass/fail criteria, collect results and monitor all results as they’re recorded.
Improve quality while reducing costs.
NetSuite is specifically designed to help manufacturers of all sizes reduce operating costs, increase revenue and better manage their business and supply chains. Define and maintain your inspection plans, collect in-process inspection results and report on non-conformance.
How Much Does NetSuite for Medical Devices Cost?
The cost of implementing NetSuite for a medical device company can vary significantly depending on several factors, such as the complexity of your operations, the size of your business, and specific industry requirements. NetSuite offers a flexible pricing model tailored to meet the unique needs of each medical device company, ensuring that you only pay for the features and modules essential to your business. This customization enables companies to optimize their investment, whether they are looking for robust financial management, streamlined inventory control, regulatory compliance, or enhanced customer relationship management.
By partnering with LUXENT, you gain access to expert guidance in selecting the right NetSuite configuration that aligns with your strategic goals and budget, driving efficiency and scalability in your operations.
Get Started With a NetSuite Certified Solution Partner
LUXENT provides businesses with award-winning expertise for licensing, developing, customizing, integrating and implementing this industry-leading medical device manufacturing software. With a tailored solution, we can help you streamline processes and improve efficiency, giving your business a competitive advantage.
Contact us to learn more about our NetSuite services and how we can help you grow your business.