third-party logistics Cleveland
A bill of lading is a document that serves as proof a company or carrier received goods from a shipper. It’s a critical record that our Cleveland warehouse professionals know is essential to demonstrating the chain of custody from shipper to carrier. Beyond simple proof of cargo transfer, it establishes a contract between the two parties for the delivery of the goods to the purchasing party or next carrier. They’re often required for many types of land freight shipments, but can also be mandated for air and sea cargo as well. Failure to properly fill out these forms can be costly.
If you’re considering partnering with a Northeast Ohio warehousing and distribution to a third-party logistics company, it’s important to have a solid understanding of what bills of lading are and how they’re prepared. Chances are, it will be an aspect of your operations you’ll also want to outsource.
What Exactly is in a Bill of Lading (BOL)?
Bills of lading, sometimes called BOL, are nothing new. In fact, they go all the way back to at least the 16th century, when they were routinely used to track ship cargo movements. Back then, it was pretty basic: An inventory check and the signatures of the shipper and carrier.
Today, the general idea is the same, but with all the various modes of transport, warehousing, and distribution (not to mention evolving technology), the particulars are quite a bit more involved.
Inbound and outbound logistics are among the most complicated functions of running any business. Effective warehouse management is essential to these processes. Get it wrong, and you’ll be stuck with low staff morale, poor customer satisfaction and dwindling profit margins. Get it right, and you set your business up for success with reduced losses and delays and improved product flow.
At On Time Delivery & Warehouse, we understand that the best warehouse management and distribution practices include more than just moving and tracking goods. Communication, transparency, honesty, responsiveness and the willingness to always go the extra mile are also imperative. As a third-party logistics (3PL) provider, we wear many hats in order to offer our customers an all-in-one solution.
As Cleveland 3PL (third-party logistics) providers, we understand that what’s good for the environment is also good for overall supply chain sustainability. Partnering with a dedicated 3PL provider in itself can help companies make the most of transportation and warehouse capacity while also reducing adverse environmental impacts. That’s because we can streamline processes and resource usage.
Although eco-friendly practices sometimes have a reputation for being pricier and more time-consuming (at least in the short term), the reality is that more sustainable strategies in packaging, warehousing and transportation often have the added benefit of lowering your costs and time investment. Some of the economic goals that improve environmental outcomes include reducing the aggregate distance traveled by each unit, eliminating the unnecessary use of resources, moving inventory faster and being as responsive as possible to customer demand.
The logistics sector in general has long been on the cutting edge of green innovation because economy and efficiency go hand-in-hand with minimizing waste. Companies that nurture a sense of sustainability can often find a great deal of common ground between greater social responsibility and lowered expenses.