Implementing RPA to optimize supply chain and inventory management in the pharmaceutical industry
1 Masters in Computer Applications, Osmania University, Cumming, Georgia, USA.
2 Masters in Computer Science, Silicon Valley University, Dallas, Texas, United States of America.
3 Masters in Computer Science, Silicon Valley University, Bentonville, AR, United States.
Research Article
World Journal of Advanced Engineering Technology and Sciences, 2024, 11(02), 281–288.
Article DOI: 10.30574/wjaets.2024.11.2.0108
Publication history:
Received on 20 February 2024; revised on 30 March 2024; accepted on 01 April 2024
Abstract:
This paper examines the implementation of Robotic Process Automation (RPA) in the pharmaceutical industry's supply chain and inventory management. The aim is to enhance efficiency, accuracy, and cost savings. The pharmaceutical industry heavily relies on effective supply chain and inventory management to ensure the availability of vital medications while adhering to regulations. RPA, a technology that automates repetitive and rule-based tasks, holds immense potential in optimizing these processes.
The paper starts by providing an outlook on the complex pharmaceutical supply chain and its associated challenges. It then introduces RPA as a transformative solution and explores its benefits in the pharmaceutical industry, including improved inventory tracking, demand forecasting, order processing, and regulatory compliance.
Various use cases for RPA in supply chain and inventory management are presented, encompassing inventory optimization, demand forecasting, automated order processing, and regulatory compliance through streamlined documentation and reporting.
The paper addresses important considerations for successful RPA implementation, such as assessing readiness, selecting suitable tools and technologies, and ensuring data security and compliance. It also discusses the challenges encountered and provides best practices for effective adoption.
Real-world case studies and success stories are highlighted to demonstrate the tangible advantages of RPA implementation in the pharmaceutical industry.
The paper concludes by discussing future opportunities in RPA, such as advancements in machine learning and artificial intelligence. It encourages further exploration and adoption of RPA to unlock its full potential in revolutionizing supply chain and inventory management in the pharmaceutical sector.
Keywords:
Robotic Process Automation (RPA); Pharmaceutical Industry; Supply Chain Management; Inventory Management; Efficiency
Full text article in PDF:
Copyright information:
Copyright © 2024 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0