Automation has been a buzzword in the world of supply chain management for a while now. And it’s not just hype; studies have shown that automation can provide significant benefits to businesses. According to a recent study by Deloitte, 79% of organizations with high-performing supply chains use technology such as automation to manage their operations.
Additionally, the same study found that those who embrace automation and other digital solutions are more likely to outperform their competitors.
Benefits of Automation
Automated processes can perform tasks much faster and accurately than humans, leading to increased productivity and efficiency in the supply chain. Reducing errors is especially important when it comes to supply chain management, where even small mistakes can cause significant problems. This can help to reduce costs and improve turnaround times, which can give businesses a competitive edge.
In terms of cost savings, automated processes can help to reduce labor costs and improve inventory management accuracy. This can help to reduce the risk of stockouts and excess inventory, which can be costly and impact a company’s bottom line.
Automation can also ensure consistency and quality control in manufacturing and production processes. This can help to reduce the risk of defects and product recalls, which can be costly and damaging to a company’s reputation.
In addition, automated systems can collect and analyze data more quickly and accurately, providing real-time insights into the performance of the supply chain. This can help businesses identify areas for improvement and optimize processes to improve overall performance.
Finally, automated systems can be designed to be flexible and scalable, allowing supply chains to adapt to changing demand and market conditions. This can help to ensure that the supply chain is able to meet customer needs and remain competitive in a rapidly changing business environment.
THE Automation Solution for Supply Chains
Real Time Intelligence takes all these automation benefits to the next level, revolutionizing the way you manage your supply chain. The eP360™ platform autonomously gathers data through sensor-based technology while performing everyday functions, eliminating the need for manual scanning of items without adding any process changes.
Another significant advantage of eP360 is its ability to provide real-time insights with impact, improving visibility and control over a single location, or a multi-node supply chain. Businesses are able to monitor supplier performance and compliance for better transparency. Potential problems can be identified quickly and mitigated before they cause issues, resulting to faster response times and reduced lead times.
eP360 is a globally proven solution performing at the highest level of supply web scale, complexity, volume, and velocity. It’s unparalleled data collection power has been put to the test and is tough enough to handle the vast amounts of data autonomously captured from even the largest supply chains.
Overall, businesses that embrace automation technology in their supply chain operations can benefit from significant competitive advantages. By reducing the need for manual processes and automating repetitive tasks, businesses can free up resources to focus on more important tasks.
Visit www.rtintel.com/ep360 to learn more about how eP360 can help streamline your supply chain with automation today.