“What if you could MAKE money with your ERP and RPA projects?”
Peter Joeckel
In my experience, new ERP implementations and RPA projects have a fascinating element in common. Both types of projects are undergone with the hope of saving time and money. But what if that is underselling their capabilities?
A seemingly complex scenario can be quickly addressed by utilizing RPA tools to make money for a typical distribution or manufacturing company.
First, let’s agree that faster and more accurate quoting will make additional money for most distribution or manufacturing companies.
Now let’s take the standard quoting or estimating process and break it into parts to analyze how RPA can make us money:
1) Inventory Cost – Are we always sourcing components from the best vendor? The cost is a combination of dollars and availability when we need inventory. Instead of making multiple phone calls to check on the most current pricing and availability, let’s have an automated “bot” scouring the internet for the latest best prices and availability of critical inventory.
2) Pricing – Are you about to lose an order because your competition is running a sale or has readily available inventory for an item you have to backorder? Similarly, automated “bots” can monitor price and availability status on competitive websites.
3) Quoting – What if we automated the quoting process by grabbing an initial “request for quote” from multiple sources (email, pdf, spreadsheet, or even a handwritten note) and kicking off a series of automation to do the following:
- Checks current inventory availability
- Check competitive pricing for comparison
- Run capable to promise or available to promise logic
- Create purchase order requisitions based on pricing and availability
- Kick-off production and purchase orders as needed
- Rinse and repeat
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