with Robotic Process Automation (RPA)
RPA is a critical innovation within Industry 4.0, or the fourth industrial revolution that blurs the line between the digital and the physical. RPA can help enable manufacturers to improve productivity, meet customers’ expectations and consistently drive product innovation—all while lowering costs.
Robotic Process Automation (RPA) technology has emerged as a key enabler for industrial process automation. RPA (or software bot) emulates transactional, administrative tasks which are repetitive, rules-based and require no decision making or strategizing.
Using robots to drive tangible business benefits is very much a reality today: The IT-enabled RPA market has been growing rapidly at a CAGR of 60.5% from 2014 and is expected to reach US$5 billion by 2020.
Changes to the world of modern manufacturing are elevating industry leaders and leaving incumbents behind. Today’s “smart factory” is fitted with technologies such as 3D printing and Internet of Things (IoT)-compatible machinery. The systems within these revolutionary operations let companies process orders, manufacture products, and ship to customers faster.
At the same time, manufacturers face challenges like unskilled labor, time-intensive processes, obsolete supply chain management systems and frequently changing regulatory requirements. Due to these pain points, manufacturers are turning to business process automation tools to streamline and optimize complex back-office operations such as vendor communication, inventory management, procurement, payment processing, and report generation.
Implementing RPA bots for manufacturing automation reduces the manual errors, minimizes the human resources, and enhances productivity.
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