Bill of Lading documents is one of the most complex and important pieces of paperwork in the business world. They are used to document and track shipments of goods and can be extremely helpful in ensuring that all parties involved in a transaction are on the same page.
However, bill of lading documents can also be quite confusing, as they often contain a lot of technical jargon and legal terms. If you’re not familiar with the bill of lading documents, you might be wondering what exactly they are, and what information is typically included in them.
And, unfortunately, many companies’ bill of lading is still done on paper. This system is outdated and inefficient, which causes a lot of issues.
Decision Engines Automate Bill of Lading
One such company is a large pharmaceutical distributor. Its vendors use a multitude of shippers, each with its own format of bill of lading documents and systems. Advance Ship Notices are sent directly to the distributor by the vendors as soon as the goods are shipped.
However, there is no id correlation between the ASN, BOL, and Shipper tracking code when the goods are received at the warehouse. This causes a lot of problems, as it is an error-prone manual process to find the match, which results in unnecessary re-orders, low stock, missed credits due to back orders, etc.
Fortunately, there is a solution to this problem. By implementing Decision Engines AI solutions, the distributor can greatly improve the efficiency and accuracy of their shipping process.
Decision Engines scans a variety of formats of BOL paperwork, integrates with SAP, and intelligently matches ASN, Shipper Code, and BOL number while keeping the logistics SOR up to date. This means that there is no need for manual intervention, and the whole process is much more efficient.
Decision Engines offers a suite of solutions that can reduce error rates by up to 80%. Our products have been shown to provide an immediate ROI, saving our clients millions of dollars.
If you’re struggling with a complex and error-prone bill of lading process, Decision Engines can help. We offer a free consultation to discuss your specific needs and see how our AI solutions can benefit your business. Contact us today to get started!
Bill Of Lading (BOL) Resources
What is a Bill of Lading?
A bill of lading is a document that is used to track shipments of goods. It typically contains a lot of technical jargon and legal terms and can be quite confusing if you’re not familiar with it.
Why is a bill of lading important?
A bill of lading is important because it can help to ensure that all parties involved in a transaction are on the same page. It can also be used to document and track shipments of goods.
What is the purpose of a bill of lading?
The purpose of a bill of lading is to document and track shipments of goods. It can also be used to help ensure that all parties involved in a transaction are on the same page.
What information is typically included in a Bill of Lading?
Typically, a bill of lading will include the name and address of the shipper, the name and address of the recipient, a description of the goods being shipped, the date of shipment, and the bill of lading number.
What is a Bill of Lading Number?
A bill of lading number is a unique identifier that is assigned to each bill of lading. It is used to track the shipment and can be helpful in ensuring that all parties involved in the transaction are on the same page.
What are some of the problems with a paper-based bill of lading?
Paper-based bill of lading can be quite inefficient and error-prone. This is because there is no id correlation between the ASN, BOL and Shipper tracking code when the goods are received at the warehouse. This can result in unnecessary re-orders, low stock, missed credits due to back orders, etc.