RPA - Future of LSCM ?

Robotic Process automation is a revolutionary program that allows organizations to automate operational activities. In this fast paced world, people are finding it hard to adapt to the changes and cope up with the requirements. In situations like this RPA comes into play. The robots are intelligent programs that can learn how specific tasks are performed and then repeat those tasks, eliminating human error and reducing overhead.

Impacts of RPA -

Eliminate the Manual Input of Purchase Orders and Other Administrative Tasks

Raising, responding to and processing purchase orders is an important administrative task for suppliers, manufacturers and retailers. RPA will identify the required inventory levels and match them against actual stock. It will also raise purchase orders that travel up the supply chain without relying on human intervention.

Respond to Supply Chain Requests for Proposals, Quotes and Questions

Organizations usually have questions of suppliers and other stakeholders in the supply chain.Those stakeholders use a combination of NLP and RPA to understand and respond to questions and requests for quotes or proposals. This results in faster turnaround and more accurate responses to common queries.

Analyze Repeatable Tasks to Identify Supply Chain Efficiencies

RPA generates lots of data. The data is analyzed to identify how processes can be enhanced further, resulting in greater efficiencies, reduced waste, higher quality and fewer delays. When combined with prescriptive analytics, robotic process automation becomes part of a continual improvement process streamlining the supply chain.

Seamless Integration With Other Supply Chain Systems and Tools

The efficiencies of RPA are not limited to one platform or organization. True RPA will integrate with and work across multiple software, systems and tools used by firms throughout the supply chain. This reduces duplication and increases speed and quality for all suppliers, manufacturers, retailers and other organizations.

Why RPA is Important

RPA provides significant benefits for the supply chain:

• Supply chain stakeholders can adapt to demand and scale up operations more quickly due to automated processes.
• Organizations can reduce administrative overhead, resulting in lower staffing costs.
• Businesses in the supply chain can shift their staff away from low-value, repeatable tasks towards value-added activities that generate revenue and drive other improvements.
• RPA can eliminate human error and duplication in the supply chain, resulting in less rework, higher quality outputs and more streamlined processes.
• Retailers can get stock delivered faster due to earlier identification of inventory needs that translates into timely purchase orders throughout the supply chain.