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HEALING THE MANUFACTURING INDUSTRY WITH RPA
For decades, physical robots have been used to assemble, test, and package products in the manufacturing business. Although these robots assist in optimizing the assembly line, the sector still faces challenges in keeping back-office activities simple and quick. This is mostly due to low-wage labour, time-consuming processes, outdated supply chain management systems, and rapidly changing regulatory requirements. Manufacturing businesses use process automation solutions like Robotic Process Automation (RPA) to streamline and improve complicated back-office activities, including vendor interactions, payment processing, report preparation, and address these pain issues. RPA in Manufacturing has emerged as a crucial enabler for process automation.
BENEFITS OF RPA IN MANUFACTURING
RPA bots have myriad benefits for the manufacturing industry. Routine processes like quoting and invoicing suppliers, account receivable and payable, and general ledger operations can benefit from robotic process automation. Furthermore, the RPA platform may help the company customize billing, production goals, minimize errors, and guide staff through each stage of development. According to a study by the London School of Economics, robotic technologies could potentially return as much as 600% to 800% ROI. A large percentage of manufacturing tasks could benefit from RPA, translating into significant savings for the bottom line
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