Empowering Medical Device Manufacturing: Improving Resource Management and Forecasting with Celoxis
Nextern is a U.S.-based company specializing in contract engineering and manufacturing of medical devices. They offer end-to-end services, from concept development to the delivery of finished products, managing global operations across engineering, prototyping, verification, validation testing, and manufacturing.
Medical Devices
R&D
Contract Engineering
Cloud
Nextern faced several challenges in managing resources and forecasting labor revenue effectively:
Managing teams across different geographies and time zones was difficult, leading to inefficiencies in communication and project execution.
Prior to Celoxis, predicting capacity for future projects lacked accuracy, leading to resource allocation issues.
Ensuring the availability of personnel across multiple projects was a challenge, impacting the timely completion of projects.
Nextern struggled to forecast labor revenue based on project demand, making financial planning and decision-making more difficult.
Before adopting Celoxis, Nextern used Smartsheet for project management, but the tool lacked the depth required for resource management:
Nextern couldn’t accurately manage resource availability and allocation using Smartsheet.
Manually tracking bill rates was time-consuming and error-prone, requiring constant updates and checks. This often led to inaccuracies, affecting cost visibility and project profitability.
Moving tasks around in Smartsheet was cumbersome, leading to inefficiencies in managing projects.
Manual data processing and report generation consumed significant time, limiting real-time insights and delaying informed decision-making.
Nextern adopted Celoxis to improve resource management and labor revenue forecasting. The key improvements were:
Nextern saw a 20% improvement in resource utilization after implementing Celoxis. The tool provided better visibility into resource availability, helping managers align planned versus actual data more efficiently.
With Celoxis, Nextern could more accurately forecast labor revenue based on real project demand, offering a clearer financial outlook over the upcoming months and quarters.
Tailored dashboards provided real-time insights into project progress, resource allocation, and revenue forecasting, eliminating manual reporting and accelerating decision-making for managers and executives.
Celoxis enabled Nextern to run "what-if" scenarios, helping them evaluate projects based on resource availability and revenue impact. This ensured that they selected the most beneficial projects at the right time.
Celoxis gives us the information we need to effectively plan and manage our portfolio of projects. The real-time insights into resource utilization and revenue forecasting have made our decision-making quicker and more accurate
PC CampbellDirector of Program Management, Nextern
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