Medical Device Company Uses MISys to Reduce Inventory Management Costs
ApniCure achieves control over inventory and spending with MISys Manufacturing
Woodstock, VT (10/25/2013) - ApniCure, a California-based medical device company, lost hours of valuable production time due to inadequate inventory reports. They purchased MISys Manufacturing in March of 2013 and have experienced uninterrupted production ever since. The reason for their success: Accurate reports that reflect real-time inventory so ApniCure never runs low on parts while manufacturing their medical devices.
For years, ApniCure relied on Excel spreadsheets that required manual inventory and balance updates. “We had a number of spreadsheets going and all of them needed to be updated when we built something in manufacturing,” says ApniCure’s Director of Supply Chain, Dan Neumann. “Though the spreadsheets offered data, there was no real information. We couldn’t tell which materials we were short on and when we finally realized we were short, production was stalled until the materials became available again.”
After researching a number of systems for a solution that was simple and affordable, ApniCure decided on MISys Manufacturing. “The cost investment in MISys is reasonable because you can purchase only the modules you need. We were, at one point, looking at systems four times the cost and much harder to implement and didn’t know if we would realize all the benefits of the more complicated system. MISys was a good interim step,” says Neumann.
ApniCure downloaded the demo product and began a testing and evaluation process. They determined that MISys would meet their needs for inventory reporting and would also work well with QuickBooks, which they had historically relied on for financial accounting. They found that MISys could be scaled to their level of commercialization without altering the QuickBooks general ledger system.
Reports generated by MISys are based on comprehensive data collected from all ApniCure activities, including receiving, stocking, manufacturing, and shipping. These reports provide valuable and useful information about ApniCure inventory and spending that has allowed them to develop a meaningful financial plan that is helping them to grow their business.