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Robotic Process Automation: The Key To A Cost Effective Supply Chain Management

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Cost Effective Supply Chain Management

Cost Effective Supply Chain Management

Cost Effective Supply Chain Management-A research report by Deloitte says about 64% companies have embarked on the journey to implement Robotic Process Automation (RPA) in order to automate support tasks. The same report outlined a critical fact that not jobs, but tasks are being automated, allowing employees to focus on high-value activities, freeing them of monotonous pieces of work across a myriad of industries.

Over the decades, enterprises have invested time, money and multiple other resources in building their supply chain infrastructures and processes. Even though the majority of stakeholders ranging from manufacturers, retailers to logistics providers have adopted some type of supply chain management system, the key challenge of end to end data integration along with process automation remains.

Users still, to this day, continue to copy/paste data manually between disparate systems in order to maintain communication and data exchange on a day to day basis. The ongoing dependence on spreadsheets, workflows and archaic processes that tend to involve a ton a “swivel chair” work like jumping from one app to another, copy pasting data and more clearly shows how much room there is for further improvement.

These manual, mundane and repetitive tasks are not only inefficient but play a major role in slowing your operations and tying down resources that can focus on more mission-critical tasks and contribute in a far more creative manner. Robotic Process Automation in the supply chain has the potential to bring a drastic impact in terms of productivity, efficiency, and accuracy on the business processes industry.

Robotic Process Automation in supply chain serves to automate processes that are carried on manually, leaving little room for errors and anomalies. RPA tools are basically software solutions residing on virtual servers that can be executed and shut down at the desired hour.

Automation through robots will allow organisations to recruit and train employees for problem-solving and brainstorming work, instead of repetitive robotic tasks.

It is not shocking when the study highlights that robotic process automation has resulted in a 43% time reduction for tasks such as credit, collections, billing, etc. These are tremendous gains for any enterprise, but would massively benefit organisations looking to effectively manage their complex supply chains.

The implementation of RPA for the sake of supply chain has been slow, but looking at the gains at stake, organisations are now turning to automation to streamline the flow of products and gain a competitive edge with customers.

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Article Credit: INC42

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