RPA: The Future of Modern Supply Chain

RPA: The Future of Modern Supply Chain

Continuous transformation in digital technologies is reinventing businesses like supply chains and are ready to modify how the procurement function delivers value. Efficient computing and data storage has allowed innovations in cloud technology and mobile technology, which enables constant connectivity and sensors to bring devices and machines to life with the help of the Internet of Things. The application of these disruptive technologies to procurement is already deeply altering the impact of this technology.

Strategic sourcing is becoming more predictive, transactional procurement is becoming more automated, and supplier relationship management is becoming more initiative-taking. All of these are integrated through intelligent procurement operations. Digital procurement solutions are enabling this future by supplying access to previously unavailable data or bringing order to massive (but unstructured) data sets, driving more complex analysis and better supplier strategies, and enabling more efficient operations with the help of the Robotics Automation Process.

RPA in Supply Chain and Logistics – Supply chain and logistics require a fair amount of automation. Often, companies rely on manual processes such as racking, loading, unloading, and storage. However, these processes are time-consuming and labour intensive.
Robotic process automation (RPA), which allows for on-demand production of goods using robots instead of humans, could help automate the supply chain and logistics workflows. RPA is becoming more popular among corporations looking to improve efficiency in the supply chain. There are some area where the Supply chain industry can focus, like

Autonomous spend analysis – Spend collection and category analysis are the major areas where RPA can play an important role, by organizing data from different sources automatically. At the organizational level, RPA can help in generating detailed reports from ERP and manual files, such as PDFs and Excel spreadsheets. RPA can also integrate existing locally developed tools that a company might be used for executing procurement processes. With an automatic set of spend data, RPA can also enable detailed automatic spend-opportunity assessments based on specified policy.

Supplier boarding and vendor creation – Onboarding of Supplier and vendor creation is generally a time-exhausting task that we perform manually in organizations. With the help of RPA, the automatic vendor creation process can be executed without human intervention, with the help of a BOT which can add master data to organization applications at any time.

Market analysis With RPA – With the help of “BOT” one can easily collect information from multiple websites and documents, which are regularly updated by third-party data providers on a time interval. Dashboard of marketing analysis can use this collected information without any requirement of update or checking source of data. Procurement managers can also deploy spot-buy orders using bots, which can show the best-offered prices from different sellers in the market based on market research. RPA can reduce time spent on searching the internet and other sources to a great extent.

Touchless extraction of Shipping Bill – One of the most important activities of Control Tower is to maintain proper documentation (e.g., Invoicing data, shipping Bills, Bills of lading etc.) For large manufacturers, the count of such documents might go to thousands every month and it would require a big team of data entry operators to maintain such records digitally. Doing the data entry manually also poses a risk of making mistakes which can cost hundreds of dollars to rectify in terms of late fees charges and potentially lead to higher Detention charges for the customer. Another time-consuming task of a typical Control tower executive is to download all attachments from incoming emails and after renaming each document with a pre-specified nomenclature storing them in a central system. Using RPA enabled BOTs, 3SC has designed a very efficient workflow to extract all relevant data from such documents in a fraction of seconds so that the Control Tower executives can focus on generating more value for their time.

Using Bots, 3SC has automated the entire task of downloading the emails & renaming them, thereby improving the efficiency of the existing workforce by over 50%. Any company where people are performing high volume, high transaction functions stand to benefit the most from RPA adoption, boasting their capabilities while saving time and money.

Please feel free to contact us for any inquiries at marketing@3scsolution.com

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