Medical Devices Industry

There are over 32,000 manufacturers specializing in instrument and medical device manufacturing in the United States alone .As a result, the global medical device market is projected to surpass $658 billion by 2028, according to Fortune Business Insights.

Companies must navigate a highly competitive landscape and increasingly complex regulatory requirements.

Improve Your Competitive Advantage

If you’re looking for a way to streamline your business processes, increase efficiency, and gain greater control over your operations, ERP software is the perfect solution for you. In the highly regulated medical device industry, it’s essential to have a system that can keep up with the latest regulatory requirements while also providing real-time data and insights to help you make informed decisions.

For FDA-regulated medical device manufacturers, finding an up-to-date ERP solution that can adapt to ever-changing industry regulations and compliance standards is challenging. An all-encompassing ERP platform offers the essential tools and features to effortlessly manage daily operations while fortifying manufacturing processes. It must include multiple layers of data protection and security.

Features of Adcirrus ERP Solutions

Our ERP system helps you minimize operational overhead, contributing to increased profitability.

We provide solutions designed specifically for Class 1 & 2 manufacturing, aiming to improve quality control and overall supply chain efficiency.

At AdCirrus ERP, we specialize in ERP software that serves the unique needs of the medical devices industry, optimizing manufacturing and distribution processes.

 

Our comprehensive software ensures all units or components of your company work in sync, streamlining every aspect of your business operations.

We prioritize features that help you meet stringent compliance requirements, making it easier for you to focus on innovation and growth.

Features of Acumatica Cloud ERP essentials for the medical device industry

  1. Manufacturing Estimates- Create estimates for new items. Convert estimates into bills
    of material, production orders, or other estimates.
  2. Product Configurator- Create newly manufactured products with a flexible rules-based configurator for quotes, sales orders, and production orders with real-time price and cost rollup.
  3. Lot and Serial Tracking– Pre-assign lot and serial numbers with cradle-to-grave traceability from raw materials to finished goods.
  4. Expiration Dates-Assign expiration dates for inventory lots or serial numbers and set effective dates for routings and bills of material.
  5. Backflushing- Automatically issue labor or material, including lot or serial tracked items, to work-in-process (WIP) using backflush settings by routing or bill of material.
  6. Quality Management– Manage quality with connected applications for inspections, testing, corrective and preventative actions (CAPA), and quality analysis for streamlined industry compliance.
  7. Outside Processing-Ship work-in-process (WIP) to vendors for outside processing. Create shipment documents, process receipts, and capture purchasing costs to WIP for outside services.
  8. Job Cost and WIP Reporting– Analyze and report on costs by a job with real-time work-in process (WIP) costing for in-process production orders.
  9. Barcoding-Print and capture transactional data using barcodes for material movement and labor or inventory transactions.
  10. Warranty and Service– Leverage embedded service and equipment management for warranty tracking, field service, and installation.
  11. EDI Transactions– Prepare and receive electronic data interchange (EDI)
    transactions with customers and vendors.
  12. Capable-to promise- Use APS logic to determine how many units of an item will be available by date or calculate availability dates for a quantity of items based on finite constraints.

Why Choose AdCirrus ERP?

Our ERP software is listed among the top 10 ERP systems for the medical devices industry in 2023, making us a reliable choice for your business needs.  

By incorporating these additional features, AdCirrus solutions aim to provide a comprehensive system that not only streamlines business operations but also ensures growth and sustainability.

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Industry Specific Edition

Acumatica cloud ERP’s Industry-Specific Editions are a unique combination of Acumatica cloud ERP functionality and functionality specific to a particular industry or industry segment.

For example, the Manufacturing Edition includes both manufacturing and distribution modules, as well as modules for field service and general business use. The Distribution Edition includes only distribution modules.

The Industry-Specific Editions include all of the core Acumatica cloud ERP functionality including:

  • Core Accounting
  • Core Billing & Invoicing
  • Core Business Management  (including project management and portfolio management)
  • Core Data Modeling & Validation  (using the same data model used in the Core Accounting module)
  • Core Enterprise Resource Planning  (including CRM integration)
  • Core Human Resources & Payroll  (HRIS integration with HR applications such as Zenefits)
  • Core Inventory Management  (including barcode scanning technology that can be used to identify inventory items based on their UPC codes or SKU numbers.)

Retail Commerce Management

Deliver a consistent customer experience across all your sales channels with full integration between your online, mobile, kiosk, and in-store service.

  • Reduce stock-outs and back orders 
  • Speed up order processing and fulfillment 
  • Streamline returns and exchange 
  • Provide an omni-channel experience 
  • Offer a world-class eCommerce presence 
  • Integration with web stores and POS systems

Project Management

Streamline project management: The project accounting suite enables you to track project costs, carry out planning and billing, and manage time and expenses while completely integrating with the fundamental accounting operations like general ledger and accounts payable.

Customer Relationship Management

Set up customer relationship management: CRM is an important tool for any business that wants to build strong customer relationships and retain customers. With Acumatica, you can set up a customer relationship management system that works for your business.

The CRM feature includes:

  • Customizable reporting dashboards
  • Powerful business intelligence capability
  • Service and support automated workflows
  • A customer self-service portal

Service Management

Maximize dispatching and boost revenue by scheduling the right people at the right time, and see real-time data for work taking place in the field.

  • Single version of the truth
  • Multi-dimensional reporting
  • Security by role
  • Custom reports and personalized dashboards
  • Multiple display options

Construction Management

Provides a complete, mobile-enabled cloud-based construction and accounting software solution.

  • Instant data access in role-based dashboards 
  • Native AI and ML for automation and data processing 
  • Superior compliance management 
  • Flexible drop-shipping to project sites 
  • Real-time connection among workers-field, office, and remote.

Sales Improvement

Acumatica’s sales management features can help businesses increase their sales and revenue.

Utilize Business Intelligence

You may gather crucial data from various sources and show it in reports made for quick decision-making with Acumatica cloud ERP. This software includes analytical tools for monitoring the state of your business. It identifies problems before they substantially harm your company.

Warehouse Management

Streamline warehouse operations and transaction to reduce errors, automate processes and increase productivity.

  • Reduce errors 
  • Increase customer satisfaction
  • Automate data capture 
  • Simplify tracking
  • Prioritized, direct picking 

Inventory Optimization

Optimize inventory: Acumatica’s inventory management tools can help businesses reduce inventory costs and improve stock levels.

Manufacturing Management

Built for make-to-stock, make-to-order, engineer-to-order, project centric, job shop, batch, repetitive manufacturing, and more.

  • Complete, multi-site cloud manufacturing control and planning system
  • Improve efficiency with intuitive, award-winning UI
  • Empower collaboration with cross-module workflows 
  • Create business resilience with our future proof design 

Order Processing

Use order processing: Order processing is another key feature of Acumatica ERP software. With this feature, you can streamline your order process and keep track of orders as they move through the pipeline.

Improve financial management

There are a number of ways businesses can make the most out of Acumatica’s features. For example, businesses can use Acumatica to:

– Improve financial management: Acumatica’s financial management tools can help businesses save time and money by streamlining accounting and financial processes. This functionality includes:

     General ledger incorporating real-time analysis fully integrated with all other features

     Accounts receivable and payable

     Cash, currency & tax management solutions

     Fixed assets

     Recurring revenue management