Automation is the latest advancement set to revolutionize the global retail market. The retail-automation market is expected to witness steady growth, owing to such avant-garde collaboration between global retail and consumer goods sector, and the global electronics and IT industry. Considering the fact that retail industry drives the growth of several business and trade ventures around the world, the influence of automation will bring more efficiency to billions of retail transactions.
Automation in Retail can greatly enhance the efficiency of the physical & ecommerce store located at multiple location by automating the processing of data intensive large files at a faster rate than humans, without errors.
Retailers who embrace digital technology stand to thrive in the Omni channel environment. Automation can help retailers integrate legacy inventory, ordering, and tracking systems with Omni channel ordering and fulfilment systems, allowing retailers to seamlessly
CIGNEX can help you automate Retail Processes which would lighten the weight of operational tasks and would enable your team to focus on enhancing customer experiences.
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Why Automation in Retail?
Productivity and efficiency
Robotic automation tools are faster than human FTEs and can function 24/7
Automation phases out human intervention, thus reducing possibility of human errors
Scalability and flexibility
The ability to replicate robotic tools across geographies/business units increases scalability and flexibility
Robotic automation tools are up to 65% less expensive than offshore based FTEs
Robotics allows data and processes to be retained onsite
Areas that can be automated
Automation has huge potential to automate number of process/segment in retail sector. A list of business process not limited to that can be automated are as below.
Process that does not have defined data structure makes data processing a tedious job. RPA not only helps to reduce cycle time but also eliminates any human errors
Derive meaningful insight from large number of data set makes RPA a winning solution, providing full audits trials with real time insights, assisting retailers take informed decision
In Store planning
Customer expect retailers to fulfil their requirement at a short notice. RPA provide in-depth access to buyer history providing more accurate & reliable information for a wide variety of location
New Product Introduction
New launch require collaboration between multiple teams, RPA easily automate real time alerts & client monitoring opinions & makes collaboration between the team easier
Invoice & Returns Processing
Replace manual processing with automation that deliver accurate & faster processing approach to invoice & returns processing
Accounting and Finance
Improve efficiency, accuracy of processes that result in 50% cost reduction of your cycle time
Data Driven Inventory Planning
Shift forecasting demand, inventory ordering and even negotiation of prices from in-house human experts to an algorithm to drive efficiency.
Seamlessly enhance the efficiency of your inventory management through Automation which delivery performance 24/7
Business & Sales Analytics
Number crunching for a larger number of data set to drive meaning insight is possible with Automation
Warehouse, Logistics and Supply Chain Management
Review warehouse management with automation including logistic & supply chain management
Customer Support & Call Centre process
Automation helps you furnish basic benefits of the technology: cost reduction, accuracy, faster cycle times and non-invasiveness,
Benefits for Automating Retail Applications
Improved customer experiences
Data processing accuracy
Heightened return on investment
Reduction in cycle time
Increase in Employee Satisfaction
500+ Processes Automated & 2000+ Bots in Production
150+ RPA Certifications accomplished by 60+ RPA Professionals
UiPath, Automation Anywhere, Blueprism and WorkFusion
Awarded UiPath Partner Excellence Award 2020 & UiPath Partner Recognition Award 2019