NetSuite for Healthcare and Medical Devices is an all-in-one cloud ERP solution engineered to streamline supply chains, maintain strict FDA compliance, and optimize financial management. From lot and serial number tracking to real-time quality control, it equips life sciences and medical device companies with the visibility needed to scale safely and efficiently.
Financial Management
Bring accounting, accounts payable, accounts receivable, cash management, fixed assets, revenue processes, budgeting, and financial reporting into one connected platform.
NetSuite gives finance teams real-time access to financial and operational information, helping them reduce manual reconciliation, strengthen reporting accuracy, and improve visibility across departments, locations, and subsidiaries.
Multi-Entity Management
Manage clinics, laboratories, pharmacies, manufacturing facilities, distribution companies, and other legal entities from a single NetSuite environment.
NetSuite OneWorld can support multiple subsidiaries, currencies, tax structures, locations, and reporting requirements. Leadership can review performance by facility, department, service line, region, subsidiary, or consolidated group without relying on disconnected spreadsheets.
Procurement and Medical Inventory
Improve the way medical supplies, equipment, raw materials, components, and finished products are purchased, received, stored, transferred, and consumed.
NetSuite can support purchase requisitions, approval workflows, purchase orders, supplier records, contract pricing, reorder points, inventory transfers, cycle counting, demand planning, expiration monitoring, and inventory valuation. This helps organizations maintain availability while reducing unnecessary stock and avoidable waste.
Lot and Serial Number Traceability
Track the movement of materials, components, assemblies, and finished medical devices throughout the product lifecycle.
NetSuite can associate lot and serial information with purchase receipts, inventory transfers, manufacturing records, work orders, sales orders, fulfilment transactions, customers, distributors, and product returns. This connected history helps teams investigate product issues and prepare more accurate information during quality events or recalls.
Manufacturing Management
Coordinate bills of materials, work orders, production routing, material requirements, component consumption, work-in-progress, assembly builds, manufacturing costs, and capacity planning.
By connecting production information with inventory, purchasing, financials, and customer demand, NetSuite helps medical device companies improve production visibility and maintain greater control over materials, schedules, and costs.
Quality Management
NetSuite workflows can support incoming material inspections, in-process checks, finished product testing, nonconformance records, supplier quality reviews, corrective and preventive actions, approvals, quality documentation, and audit histories.
The final configuration should reflect the company’s quality management system, products, regulatory markets, validation approach, and internal control requirements.
Recall Readiness
A properly designed NetSuite environment can help identify affected lot or serial numbers, related purchase and manufacturing records, available stock, shipped products, customer and distributor locations, product returns, replacements, financial impact, and follow-up activities.
Connecting these records reduces the need to search through separate inventory, production, finance, and customer systems when timely action is required.
Customer, Dealer, and Distributor Management
Centralize customer-specific pricing, distributor orders, inventory availability, sales transactions, fulfilment, invoicing, returns, communications, and account activity.
Medical device companies selling through hospitals, clinics, dealers, distributors, ecommerce channels, and direct sales teams can manage these relationships through a more consistent source of information.
SuiteCommerce can further support online B2B ordering by connecting ecommerce activity with NetSuite inventory, financial, fulfilment, and customer records.
Planning and Forecasting
Improve planning for staffing costs, facility expenses, supply requirements, manufacturing demand, cash flow, capital expenditure, and service-line revenue.
NetSuite Planning and Budgeting can extend standard budgeting capabilities with scenario modelling, forecasting, workforce planning, and financial performance management.
Reporting and Analytics
Create dashboards, saved searches, reports, and key performance indicators using connected operational and financial data.
Healthcare and medical device leaders can monitor inventory availability, supplier performance, product costs, facility expenses, production progress, sales performance, quality events, cash flow, and financial results without repeatedly consolidating information manually.
Healthcare System Integration
Common integrations may include electronic health record systems, laboratory applications, billing and claims platforms, pharmacy systems, customer portals, warehouse software, barcode and labelling tools, ecommerce platforms, shipping carriers, banking applications, CRM systems, and business intelligence solutions.
NetSuite should generally complement rather than replace clinical or electronic health record platforms. A clear integration strategy determines which information should remain in specialized healthcare systems and which information should flow into NetSuite.
