Tayana Solutions

What ERP Is & Why It's Essential for the Medical Supplies Industry

Medical Supply Companies Should have ERP Solutions.

Are you the owner of a medical supplies business? Are you Looking for an Enterprise Resource Planning (ERP) system that can help streamline your company’s operations? 

You’ve come to the right place. We provide robust ERP solutions for medical supplies businesses. But before we get into details, let’s discuss how our ERP can benefit your firm.

Due to the rising healthcare costs, the medical and pharmaceutical industries have been working to develop new ways to deliver care. Factors such as inefficient administration at hospitals and a fast-growing population of patients have led to the introduction of advanced ERP systems.

As a result, cloud ERP solutions are set to rise in popularity among the medical fraternity. It is because existing doctors have become more aware of the benefits of these cutting-edge technological solutions, including cutting operational costs and eradicating back-end issues.

What is the Medical Supplies Industry? 

Medical supplies include devices that are made for use in medical settings. These items can consist of surgical instruments, implants, machines and tools used to treat patients. Medical supplies may also include diagnostic reagents used to determine the nature of an illness or disease.

Why do you need ERP Software Solution for Medical Supplies Industry? 

The medical supplies industry is constantly seeking new ways to improve the health of people around the world. But what does it take for companies within this industry to ensure that their internal systems and economic results are sound?

ERP software can be an incredible tool for medical device companies to fight the inefficiencies and excessive expenses that plague this sector. Here are some of the leading reasons why: 

Advanced Stock Management 

It is impressive that pharmaceutical and medical supply companies have provided front-line healthcare professionals with the necessary supplies and equipment throughout the pandemic. 

ERP business management software enables smooth inventory management, which supports effective order fulfilment, purchasing, and logistics. 

ERP systems provide sophisticated forecasting and stock management capabilities and assistance for managing supply lead times optimally. 

Compliance 

Medical equipment ERP software helps manufacturers meet FDA regulations and ensure compliance with supply chain management, quality control, and other operational requirements.

The FDA encourages manufacturers to make high-quality medical devices that fulfil the mandate of safety and efficacy. The FDA recommends performing routine maintenance, repair, and servicing of your medical devices to ensure they operate reliably and safely.

Therefore, medical device manufacturers must monitor the production, purchasing, documentation, and traceability of products with an ERP system. As a result, an effective ERP becomes an essential part of a medical device quality management system.

Automation 

The level of automation that today’s ERP systems enable businesses to have is one of their main advantages. Manual procedures are labour-intensive and can lead to errors in data entry; by contrast, ERP systems allow for more efficient use of time, effort, and resources.

The teams can now focus on more valuable activities with complete efficiency and control. It is due to the intuitive interfaces and automated controls.

Some of the advantages of an automated system include the following:
  • Boosted productivity across departments
  • Nearly paperless practices
  • Enhanced precision
  • Real-time visibility of progress
How can Acumatica Help You? 

As a part of the medical supply industry, you are looking for a comprehensive system that will enable you to manage all aspects of your business, including accounting, inventory and employee management.

Acumatica can automate your accounting tasks and manage invoices, expenses, billing, etc. And specialized tool handles all aspects of employees’ payroll, deductions, attendance and leaves management.

Acumatica is a business solution that focuses on distribution and can be customized for your enterprise. Acumatica is built for the future, so it’s an ideal tool for developing and advancing your company.