Retail is one of the most competitive markets globally, working with on thinner margins. Retail companies, being B2C, has to maintain huge inventory in warehouses widely spread out. As the online sales is gearing up, retail companies has to maintain offline as well as online operations simultaneously.
In early days, various processes from inventory management to sales analysis were being performed manually. But this excess of workload makes it difficult to manage and slows down operations.
With Robotic Process Automation, these processes can be automated for more efficient and accurate operations thus increasing productivity and faster business operations.
Many of the important processes like Order Processing & Updating, Inventory Management, Marketing and Consumer Behavior Analytics, Accounting and finance, Demand and supply planning, Logistics and Supply Chain Management etc. can be automated with RPA in retail industry.