The robotics revolution is over the horizon as industries across different verticals have started to embrace the latest innovation. Notably, the manufacturing industry is utilizing RPA to its fullest by experiencing error-free and streamlined processes enabling better productivity.
Erroneous repetitive processes dramatically increase the productivity risk of manufacturing companies and smart leaders of these companies are embracing RPA to enhance their productivity and outcomes.
Robotic Process Automation is endorsed by industry leaders since RPA not only speeds up process performance but also ensures accuracy.
Statista has recently disclosed a report on spending on robotic process automation (RPA) worldwide, from 2016 to 2021. In 2018 the expenditure on robotic process automation is expected to reach 898 million US dollars globally against 542 million US dollars in 2017.
With so much being hyped about Robotic Process Automation (RPA), it is critical to know what this technology is all about, and how it benefits the manufacturing needs to be studied.
What is Robotic Process Automation
While RPA is garnering the attraction of the top industry leaders, some still don’t have a clear understanding of what RPA is and why it matters.
If you’re one among them, the definition from PwC will help you understand what RPA is all about in a nutshell.
“Put simply, RPA is a set of concepts and technologies designed to intelligently automate repetitive business, industrial, and other tasks. RPA has little to do with what we commonly understand as “robots” in the conventional sense of the word. Rather, RPA is defined by algorithms that are built to enhance return on investment (ROI), boost execution speed, and improve the quality of business results. Automating the processes with robots reduces the human errors, improves accuracy and delivers faster productivity. Automating any process (rules-based) with logic is amazingly easy and performing repetitive tasks is seamless.”
The most common automaton in manufacturing – Bill of Materials (BOM) with RPA
BOM, a critical document in manufacturing, comprises a comprehensive list of raw materials, components, sub-components, and other assets for developing any product. Every employee must refer to the document to understand what to purchase, how to purchase, where to purchase, and for detailed instructions, such as how to assemble a product and pack it.
This is a long and backbreaking process and any minor data errors can lead to massive loss or delay in shipment. As implementing traditional automation systems would be highly time consuming and delays production further, deploying RPA is the most recommended choice to improve data accuracy, develop product faster and ship product on-time.
As many presume, RPA isn’t used only in the production line of manufacturing but also in different processes.
Other types of automation performed through RPA in manufacturing
- Administration and reporting
- Customer support and service desk
- Connecting silo processes
- Data migration
- Legacy system integrations/transitions
RPA offers a plethora of advantages to manufacturers
A major benefit of RPA is that manufacturing companies don’t have to revamp their existing infrastructure and systems to improve their production efficiency. Here’re other amazing advantages offered by RPA.
- Easy to implement
- Scalable and customizable
- Code-free (even non-technical people can manage the system)
- 24/7 Continuous production (robots can work even in lights-out conditions)
- Ability to perform exceptionally in complex functions and processes
- Improved performance, quality
- Highly efficient
- Impeccably accurate
- Enhanced regulatory compliance
- Increased cost savings
- Substantial growth in ROI
Robots can handle complex and microscopic functions that are extremely hard on human eyes and effort. Accuracy and precision are the other two elements that force manufacturers to invest in this emerging technology. Simply put, every manufacturer can benefit from RPA as it automates mundane, repetitive, time-consuming processes and systems, and guarantees rapid ROI.
Planning to automate your administration and operational processes? Let’s talk.