Breakthroughs in digital supply chain tools and technologies are granting companies greater supply network visibility and more ways to collect and process the information they need to glean critical insights and achieve better operational performance. These advances promise to improve supply chain performance and help usher in the next-generation digital supply chain, Supply Chain 4.0. According to IDC, digital supply chain and logistics automation is the top funding priority for businesses worldwide, with investments in transformation
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Automation is not just for large enterprises anymore (Read our article – RPA for SMBs). From freelancers and SMBs to early and growth stage startups, everyone is exploring multiple avenues of business process automation wherever they can. In the recent past there has been mushroom growth for automation tools, most of which claimed to be No or Low code, Drag & Drop workflow creation, resulting in faster adoption. Organizations of all sizes need to instill
One key question post RPA implementation is how to Measure automation performance, what are key metrics and a gauge to ensure RPA implementation is successful for your organization. Below are four key measurement indicators Financial Impact Average annual cost savings Five-year cost savings Payback period Long term (Five-years) return on investment (download ROI calculator) Business Operational Value Process efficiencies: processing time Process effectiveness: daily throughput Improvement in data analytical capabilities Improvement to regulatory compliance/accuracy Workforce
Robotic Process Automation is a high profile strategy which delivers tremendous efficiency gains, costs savings, improved compliance, audit trails, etc. There are countless stories of low hanging fruits being picked at large enterprise organizations returning multiples of 5 and 10 times FTE cost savings through the use of RPA applications. For SMB client the question remains as can they realize equivalent impacts? RPA does still have impactful potential for SMB companies but the
