Introduction
Did you know a company’s annual income can be lost due to inefficiencies in logistics up to 20%?
Logistics companies have been under immense pressure due to the need to reduce operational costs and increase the efficiency of transporting goods and supplies. Such challenges can be mitigated by embracing robotic process automation services, especially through CargoWise platforms. RPA allows for efficiency gains, cost reduction, and accuracy in the logistics management process.
The Process of RPA Services in International Trading
RPA services are revolutionizing international trade by eliminating the need to perform repetitive and labor-intensive tasks, reducing errors, and increasing productivity. For example, in international trading, there is a lot of manual data entry and validation work in purchase orders, sales orders, commercial invoices, packing lists, and bills of lading. RPA does all this by capturing the data from various sources, validating it, and accurately entering it into the system. This automation helps to eliminate mistakes, save time, and allow for compliance with international trade regulations, making operations easier and faster.
Moreover, RPA services provide real-time feedback and changes, allowing companies to trace their shipments, monitor stock, and react to changes as they occur. This helps in the accuracy of the trade documentation and improves overall customer services since deliveries will be on time and delays will be minimal. RPA can help businesses in the international trading sector increase their efficiency, minimize operational costs, and remain competitive in the global market.
Elicit Technology’s CargoWise RPA Services
Purchase Orders
In logistics, the process of managing purchase orders is lengthy and risky. Manual processing also means delays and errors which affect the whole supply chain cycle. Services offered by CargoWise RPA deal with the purchase order and the processing of purchase orders and making sure that they are done right and right on time. This not only accelerates the procurement process but also improves relationships with suppliers since it ensures predictability and reliability.
For example, picture a logistics company that receives hundreds of purchase orders every day from different customers. Manual order processing includes typing the order into the system, checking details, and checking whether it meets the procurement standards. It is tedious and error-prone and results in delays and disruptions in the supply chain.
Sales Order
Sales order is an essential element for the effective transfer of goods from vendors to customers. Errors in sales orders can result in delays in shipping, incorrect shipments, and frustrated customers. CargoWise RPA is used to streamline the sales order process to minimize human involvement and the chance of errors. These practices ensure that the sales order processing is fast and correct which in turn will improve customer satisfaction and inventory control.
Commercial Invoices
Commercial invoices are documents that are used in international trade to describe the nature of the goods that are being traded and their worth in monetary terms. It can therefore be costly and prone to human errors moreover RPA is essential for efficient customs clearance problems or delays. CargoWise RPA leverages the ERP software to generate commercial invoices based on international trade requirements. This also saves time on customs clearing as well as the risk of incurring fines and penalties.
Packing Lists
Commercial invoices specify the details of the information about the contents of a shipment including quantities, descriptions, and packaging information. Creating packing lists manually is difficult and time-consuming and often results in errors in the packed and delivered merchandise. RPA services created for CargoWise provide automated packing list generation whenever necessary. This automation improves the shipping process, eliminates manual mistakes, and enhances overall productivity.
Bill of Lading
The Bill of Lading (BOL) is one of the most important documents in the logistics industry that is used as a receipt for shipped goods and as a contract between the shipper and the carrier. Such mistakes in the BOL can lead to delays and legal problems. CargoWise RPA enables the creation and management of BOLs in a way that ensures that they are correct and compliant. This automation lowers the risk of mistakes, accelerates the shipping process, and improves legal compliance.
For example, BOL documents for each shipment must be manually created by a logistics company. The time-consuming manual work often results in mistakes like wrong addresses, incomplete product descriptions, or incomplete documents for signatures. These mistakes can lead to the late delivery of shipments and legal cases between the shipper and the carrier.
Invoices
Invoices are crucial for keeping records and getting paid from customers on time. Manual invoicing can be time-consuming and inaccurate, causing payments to be late or non-existent. The CargoWise RPA services make it possible to quickly and effectively create invoices. This improves cash flow and reduces the administrative burden of financial management.
Conclusion
The current logistics environment is highly competitive and logistics companies face the pressure of cutting costs and increasing efficiency. CargoWise RPA services provide an effective approach by handling issues relating to purchase orders, sales orders, commercial invoices, packing lists, Bills of Lading, and invoices. Logistics companies can use RPA to optimize their processes, improve accuracy, and increase customer satisfaction.
Interested in integrating CargoWise RPA services into your logistics workflow? Contact us today to start saving time and money and gain an advantage of becoming a successful supply chain operator.
