SAP HANA for the Medical Equipment Manufacturing Industry
Harnessing SAP HANA Power for Efficiency in Medical Equipment Production
The Medical Equipment Manufacturing Industry, a versatile global sector, is in constant evolution. Innovative software solutions are essential for these industries to remain competitive and seamlessly integrate their business processes. SAP HANA stands out as the ultimate ERP Solution, offering robust functionality and adaptability tailored to such industries. With SAP S/4HANA, Medical Equipment Manufacturing Industries can effectively manage all aspects of their business operations from any location worldwide. Transitioning to SAP HANA Software represents the optimal solution for addressing the challenges encountered in the Medical Equipment Manufacturing Industry.
Let’s delve into how SAP HANA brings benefits to the Medical Equipment Manufacturing Industry:
Order to cash with SAP HANA in Medical Equipment:
In the Make to Stock & Order process of the Medical Equipment Manufacturing Industry, SAP HANA optimizes operations seamlessly.
Upon receiving yearly/quarterly or time-based blanket agreements/contracts from customers, SAP HANA facilitates the creation of Purchase Orders as Blanket agreements or Sales orders. This triggers the continuous production of Finished Goods (FG) by periodic orders. Subsequently, Accounts Receivable Invoices and Incoming payments are processed, supported by essential reports such as Customer receivables, Cash flow, and Sales analysis.
Procure to pay with SAP HANA in Medical Equipment :
Leveraging the MRP function, procurement planning for the month is efficiently managed with the auto-creation of purchase requests. Goods receipt is generated against the Purchase Request by the stores, followed by Accounts Payable invoicing and Outgoing payments as per the Accounts module. Major reports in this process encompass Vendor payables, Cash flow, and Purchase analysis.
Sales order with SAP S/4HANA in Medical Equipment:
Sales Orders are generated either from blanket agreements, upon raising a Purchase Order, or upon confirmation of customer quotations. SAP HANA facilitates easy attachment of soft copies of Purchase Orders using Document Management System (DMS). Additionally, payment terms and delivery dates are established, with order acknowledgments sent via email directly from SAP HANA.
Sales Quote with SAP HANA in Medical Equipment:
Upon confirmation of Sales Quotations by customers, SAP HANA seamlessly converts them into orders, effectively closing the quote.
MRP
Material Requirements Planning (MRP) is utilized for production planning and procurement of raw materials based on stock levels and demand. Auto-creation of Purchase Requests for raw materials ensures timely fulfillment of orders. MRP plays a crucial role in the Plan to Produce process.
Purchase Request:
Purchase Requests are auto-generated by MRP or manually created department-wise for office equipment, consumables, etc., initiating the creation of Purchase Orders for procurement.
Purchase Order:
Purchase Orders are created based on approved Purchase Requests, with an approval procedure in place. For items with default suppliers, Purchase Orders are automatically generated by MRP, fetching unit costs from predefined price lists.
GRPO
Goods Receipt against Purchase Orders is posted upon vendors delivering items, updating inventory levels accordingly. This ensures precise stock management and inventory control through SAP HANA’s Warehouse Management System (WMS).
Supplier Payment
Supplier invoices are processed based on Goods Receipts, streamlining outgoing payments.
Production
Production orders are auto-created based on Bill of Materials (BOM), considering demand and stock levels determined by MRP. Raw materials are issued stage-wise, and upon completion of all stages, production receipts are generated, adding Finished Goods to inventory. Product Costing functionality within SAP HANA efficiently manages production costs.
Invoice
Accounts Payable invoices are created, and payment entries are posted with proper control ensured through the Open Document system.
This overview demonstrates how SAP HANA ERP Software boosts efficiency and optimizes manufacturing operations in the Medical Equipment Manufacturing Industry.
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