India, March 5 -- In the fast-paced and highly competitive landscape of the surgical product industry, precision in financial management is not just an aspiration but a necessity. The surgical equipment industry, which includes the manufacturing and distribution of medical devices, instruments, and surgical tools, faces unique finance and accounting challenges intrinsic to its sector. This article dives deep into the pivotal challenges that confront finance functions within this industry, shedding light on practical measures that can be adopted to enhance financial management practices and ensure accurate accounting procedures.

One of the foremost challenges faced by the surgical product industry pertains to inventory management. With an...