Significance of RPA for Logistics Industry

July 13, 2020 admin

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Maintaining and managing logistics has always been a tedious task. Whether it is customer data updates, inventory processing, order management, scheduling any delivery or tracking deliveries, it requires a lot of manpower, time, and efforts to manage logistics. In addition to the efforts and time, human-prone errors are another risk that could impact a logistics company’s reputation and revenue. RPA technology can help such companies to automate all these labor-intensive manual processes and get rid of all potential challenges such as delays, low productivity, and inefficient process.

The RPA (Robotic Process automation) industry is growing at a rapid speed and is expected to grow to approximately USD $2.7 billion by 2023.

What Difference would RPA bring to your logistic operations?

RPA is an ideal solution to automate repetitive, high volume tasks that is challenging to perform manually on a daily basis. By implementing RPA into any software or application, you can make your entire logistic process-

Fast and cost-effective
Seamless automation with minimal training
Easy automation and integration of existing ecosystem
Works 24/7
High accuracy, no scope for human-prone errors
Create rich use experience
More stable process performance

So you can reap the benefits of RPA technology by implementing it to any of the below-mentioned areas-

Inventory Management

Inventory is the most critical part of a logistics and supply chain company. It takes extremely intense labor efforts, and stringent management to manage inventory to make sure optimal volumes while scheduling and tracking data simultaneously.

By Implementing RPA, you can easily monitor inventory and come to know when levels are crossing the defined benchmark. The RPA-driven software will automatically order new shipments whenever required, just like a human employee. Furthermore, you can deploy RPA robots to track down inventory and make it easier to track inventory right from when it enters and exists in your warehouse.

Purchase Order Management

Managing purchase orders requires a rigorous review process, and doing it manually will take days, and will also include several bottlenecks. By using RPA, you can run purchase orders through automated criteria, including pricing, quantity, and frequency of purchase. RPA bots will send through the orders once an approval matches optimization criteria and if it doesn’t then bot uses notifications to run the remaining orders with procurement managers. RPA allows your PO managers to closely review even a smaller number of important orders.

Invoice Management

Managing invoices is most vital to the success of a logistics company. Managing and entering invoice data is indeed labor-intensive, and an ideal area for the automation. RPA makes it easier for the company to invoice documents from different vendors and suppliers with a negligible chance of errors. You can extract information from invoices, validate and verify information in seconds using RPA technology.

Conclusion

RPA indeed is a cost-effective way to optimize your logistic operations. Logistics automation surely helps in achieving efficiency, waste removal, and most importantly save time and efforts, which ultimately reflects in revenue.

About AITA Consulting Services

AITACS has been providing high-end, advanced IT solutions and services since its inception in 2006. The company specializes in Automation technology, and has a team of certified engineers to build industry-leading automation tools using RPA technology. Reach us today to learn how can you this technology to make your business process more efficient and explore new revenue opportunities, please contact us at contact@staging.aitacs.com