MARCH 202019n today's time, the speed with accuracy is the mantra for any successful organization. Most of the manufacturing organizations today have various automation tools to execute business transactions with greater speed along with data accu-racy. Interfaces are available between various systems like ERP, CRM, Supplier Portals and Manufacturing Execution system to achieve greater speed and ac-curacy in business process execution. Organizations have tried to deploy automation processes success-fully in all the areas but if any process needs manual intervention at any step, it becomes a bottleneck and the whole objective of automation is defeated. The major objective for any organization is to achieve an end- to- end process automation without any manual interventions. With the help of Robotic Process Automation (RPA), this issue is resolved to a great extent with improvements in accuracy and cycle time and increased productivity. Any business process which requires data processing at a large scale and needs manual intervention for verification process is best suited to qualify for RPA. Manufacturing industries can automate various processes by using RPA with better controls. For instance:1) Master Data creation i.e. vendor master, customer master, mate-ria`l master etc. could be fully automated with the help of RPA2) Customer payment re-ceipts into ERP can be ful-ly automated which results in better execution of the processes like credit limits, cash discounts, faster de-livery to customers etc.3) Bank reconciliation of vendors & customers could be a business case for RPA4) Booking of vendor invoices received into ERP system could be a good case for RPA5) In other words, reading the information from one system and posting the transaction on another system is a good example of RPA implementation.In any manufacturing organization, almost in ev-ery function, people indulge in many mundane and repetitive tasks which can be automated with some changes into the existing business process. Initially, a company should start with 4-5 boats and after achiev-ing successful results, can target the Complex Process Automation (CPA). If RPA is effectively used, the transaction process time can be re-duced by 50-80 per cent based on the pro-cess requirement and number of applications involved into the process, while it will also cut costs, drive efficiency and improve quality. Chat boats are getting used very commonly now-a-days, which is a very good example of RPA success story. As per the Gartner forecast, the Ro-botic Process Automation market will grow by 41 per cent per year, though this growth will be tempered by new next-generation AI products. Orga-nizations implementing RPA defiant-ly will be able to take advantage of early movers. ROBOTIC PROCESS AUTOMATION IN MANUFACTURING INDUSTRY: A REVOLUTIONBy Jagdip Kumar, Head - IT, Cosmo FilmsICIO INSIGHTSAn extremely hardworking and dedicated person, Jagdip masters in taking new initiatives, understanding & capturing the exact customer requirement and offering pragmatic solutionsJagdip Kumar, Head - ITThe Robotic Process Automation market will grow by 41 per cent per year
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