RPA IN PROCUREMENT
Improve Supplier and Vendor Relationships with Automation
As a back-office function, procurement is laden with mundane tasks such as dealing with vendors, ordering and receiving products/services, as well as handling and approving requests from business stakeholders. Manually handling these tasks leads to errors and significantly slows down the entire process. In contrast, RPA in procurement can improve business results, makes process resilient, enhances efficiency, and save cost.
Use Cases of RPA in Procurement
Request to Purchase Order
Automate and streamline processing of procurement requests and raising purchase orders to avoid delays and reduce manual errors.
Work Order Management
Increase revenue and never miss a ticket again. Let bots keep track of customer requests by sending notifications of work orders to staff.
Inventory Management
RPA bots carefully monitor inventory levels and notify employees when the levels are low or send real-time reports for assessing and forecasting current and future needs.
Demand and Supply Planning
Break the silos between various departments to create a centralized team that manages procurement, shipping, inventory, and warehousing.
Invoice Processing
RPA bots can manage end-to-end invoice processing – right from receiving an invoice to entering the records in the accounting system.
Vendor Selection
Automate the vendor selection process by allowing the bots to prepare template requests and make informed decisions based on the credit value of the vendor and other pre-defined factors.
Email Automation
Create an optimized supply chain by allowing the bots to send reminder emails and other notifications to suppliers and vendors in case of delayed shipment or to know the order’s status.
Partner Onboarding
Let RPA bots effortlessly handle partner onboarding with an automated approval workflow. Let the bots process forms and contracts in various formats and verify the information against the predefined requirements.
With Nuummite Procurement, you can.
Benefits of RPA in
Procurement
1
Time Savings
Saves time by reducing manual intervention.
2
Cost Efficiency
Lowers cost and creates an efficient supply chain.
1
Strategic Focus
Allows team to focus on strategic initiatives and be more productive.
2
Error Elimination
Eliminates manual errors for accurate forecasting and reporting.
3
Audit Trail
Creates a strong audit trail for compliance and future references.
4
Transparency
Creates transparency and harmonizes information and procedures.
Watch the
Bot In Action
Let Nuummite Consulting Help
Nuummite Consulting is leading RPA implementation partner in the Middle East that can help businesses overcome the top three procurement challenges:
- Purchase request and purchase orders
- Invoice processing
- Managing inventory
We work closely with our clients to optimize existing processes and effectively implement as well as deliver RPA projects that decrease manual errors, increase productivity, and ensure higher customer satisfaction.