Firstkind and parent company Sky Medical Technology have selected The NAV | 365 People as their support partner for the group-wide deployment of the Dynamics NAV Enterprise Resource Planning solution. The Dynamics NAV solution provides strong lot tracking and expiry date management, two elements crucial in the medical devices sector, and provides a strong base from which the group can expand rapidly. The group uses most components of Dynamics NAV including financials, purchasing and stock, all aligned in real time with Dynamics CRM. In addition, its e-commerce solution Magento is integrated with Dynamics NAV enabling efficient operation in both B2B and B2C markets.
Mark Whalley, Head of Manufacturing and Logistics said: ‘When I joined Firstkind we were looking to launch into the sports recovery market. We needed a proven solution to support that new market, and all the others that we have planned. I had worked with Dynamics NAV before and knew that the product could do the job.’
Whalley continued: ‘We are poised for dramatic growth, in three years' time we will be managing 100s of 1000s of transactions per month and our turnover is forecast for a potential £50m. The systems we have now are set to enable this and in The NAV | 365 People we have experience and depth of knowledge of the way our business runs to support us.’
The NAV | 365 People provide consultancy and support enabling Firstkind to introduce consolidated financials for multiple companies within the group. In addition they can easily add new trading companies to address additional industry sectors and geographic regions. They are able to manage stock within partner organisations, gaining visibility as soon as components are manufactured. Orders are taken by the Firstkind customer service team and via their B2C website are entered into the Dynamics NAV system. Intelligence and workflows built into the system means that it automatically pushes orders to the appropriate fulfilment partner, saving huge amounts of admin time, and ensuring that stock inventory is maintained.
Ian Humphries, Managing & Product Director at The NAV | 365 People commented; ‘We are committed to providing the best service possible to our customers. We enjoy getting to know our customers and how their business works. Firstkind are at a very exciting point in their development, poised for growth after setting up the business, going through trials and getting approval and certifications for their products. Having a versatile ERP solution like Dynamics NAV means they are able to manage that growth without the usual growing pains.’
Firstkind operates in the medical and sports industry sectors. It is a wholly owned subsidiary of Sky Medical Technology, a privately held UK company based in High Wycombe and Daresbury. Firstkind manufactures medical devices utilising OnPulse™, Sky Medical’s proprietary neuromuscular electro-stimulation technology, designed to enhance the body’s own system to increase lower limb blood circulation which can help in a range of conditions.
An all-round British success story, the firefly™ device has been developed, manufactured and brought to market by Firstkind, following a three year programme of applied research with St. Bartholomew's Hospital and Queen Mary, University of London and published clinical studies.
Learn more on ERP solutions for healthcare organisations.