Optimizing Supply Chains – Vendor Selection
RPA is being increasingly adopted within the supply chain to mimic the actions of human employees: capturing, replicating, and processing data, communicating with customers, as well as making judgements and learning from past actions. Intelligent Process Automation in areas such as Vendor Selection, Shipment Status Communications, and Demand Planning are just some of the examples that streamline current processes providing increased customer experience and higher staff satisfaction. A recent study suggests that 72% of global supply chain companies plan to implement RPA solutions leading to process efficiencies by as much as 43%! Benefits of RPA in Vendor Selection & Procurement Selecting and procuring vendors is a highly manual process that normally involves employees preparing an RFQ (request for quotation), communicating to vendors, performing a preliminary analysis of vendor documents, evaluating the vendor, running a credit check, and finalizing the vendor selection. Deploying RPA solutions systemically can automate almost the entire process. Human intervention is only needed when developing initial specifications, generating a list of potential vendors, and engaging in face-to-face conversations or onsite visits and negotiations. This could lead to cycle time improvements by as much as 50% and processing time by as much as 45%. Digital Workers from Centelli are like having low cost workhorses that operate 24×7 without coffee breaks or ever calling in sick. Get started today and put your manual and repetitive tasks on autopilot!
Navigating Complex Supply Chain Systems to Drive Business Transformation
It seems each year the invent of new technology gives us an opportunity to transform our processes but too often the Supply Chain industry finds itself weighed down by multiple systems and Integrating legacy applications. In a digital first world, continued acceleration in adopting innovative technology is vital to success. Sudden impact of Covid-19 only highlighted the gaps in digitization of the modern supply chain and companies with weak or ill-defined digital projects are being left behind at a pace never seen before. However, it is not easy to simply replace legacy systems or share data among the various functional tools to get an edge. So how does one go about digital transformation to solve short-term business objectives while ensuring long-term viability? Digital Workers (RPA – Robotic Process Automation) are enabling the industry to overcome such barriers by simply providing a digital assistant to your teams to overcome shortcomings in integrations, removing the laborious task of data redundancy, improving accuracy of information across platforms, and providing fast and more accurate information to customers and management for rapid decision making. CEO’s are realizing that Digital Workers enable their teams to execute short and long-term strategies without significantly increasing headcount or adding additional projects on their already strained IT teams. Here is where Digital Workers add value to supply chain by picking up repetitive tasks and bridging the gap between multiple applications: Shipment scheduling, tracking, and communications Invoice processing Load management Order processing (don’t have an EDI option with a partner, no sweat – use a Digital Worker!) Supply and demand planning Communications and Alerting Inventory tracking, vendor managed inventory, consigned inventory Bridge data gaps between any of your existing applications Reduce data redundancy errors and mistakes Remove silos and improve cross-functional collaboration Virtual servicing Enable digital commerce How We Enable Digital Transformation with Digital Workers Keep your legacy systems and embrace a digital first mindset, while improving operational efficiencies at reduced costs and with rapid deployment. At Centelli, we deploy Digital Workers. Digital Workers are like a virtual assistant for your teams that work 24×7 without breaks, without holidays, without calling in sick and without making any errors. Deploy Digital Workers now to move business forward! It is expected that 72% of companies will use Digital Workers in the next 2 years alone. Integrating Legacy applications are no longer a barrier to transform – in fact keep them! Contact Centelli