In transportation logistics what is importance/interplay of the BILL OF LADING AND FREIGHT BILL? (10)
In transportation logistics Bills of lading are official or certified documents, which could be admissible in a court. They name items to be transported during a freight shipment. The bills of lading are issued by the shipping company, those hauling your material, or a third party logistics company. The bills of Lading should include descriptions of every item, weight, and value being shipped. These bills represent the agreement between the shipper and the logistics provider on where the freight will be transported, where the freight will be collected, and when the freight will show up at its destination. Furthermore, it can function as the title to the goods described for shipping for situations involving official descriptions of loan collateral. The bill makes the service level agreement clearly stated and documented as a agreed upon freight company and customer commitment. A company must prudently attempt to met obligations, or this bill will showcase a fault or flaw in service. Both customers and freight companies want to ensure these bills are accurate and reliable for dispute purposes since they can avoid or alleviate issues. Freight bills do not serve as key evidence in disputes, they can include additional charges besides what is on the bills of lading including stipulations that clarify the information on the bill of lading document. Invoices of information on the
Transit time is an important element as well. Any reduction in transit time therefore reduces the overall cost of the delivered goods. Transit times can be improved by
Answer 1- The first question which shows the two new options how impact transfer and customer might freight cost and the answer for this question is given in first alternative and second alternative which is elaborated above.
The intent of this analysis is to compare and contrast the cost structures for rail, motor carriers and air modes of transportation. Implicit in this analysis is the rapid adoption of intermodal transportation which is often optimized to specific logistics and supply chain objectives (Jennings, Holcomb, 1996).
Any contract for transporting freight or personnel by vessel, aircraft, bus, truck, express, railroad, or oil or gas pipeline where published tariff rates are in effect;
the authority to determine the shipments, decides what products to ship and when to ship it and lastly
Results: I have determined there is a shipping document number for each sales invoice number.
Sales invoices are prepared in batches on a daily basis using numbered sales invoices. Sales invoice numbers are automatically generated by the company’s computer system. The accounts receivable clerk does not have appropriate computer rights to override the computer-generated invoice number. Upon preparing sales invoices, the accounts receivable clerk verifies that the first invoice number of the batch is consistent with the last invoice number of the previous batch. Inconsistencies or skipped sales invoice numbers are investigated and resolved before new sales invoices are prepared. The items shipped are compared to the items billed for proper quantity, price, and other sales order terms.
Since the legitimate framework in the United States is based upon regular law and common or statutory. Normal law depends on legal point of reference or guideline of law created from previous court choice. For this situation transportation is a zone of concern in light of the fact that it can control states obligation in reference transportation. The basic law methodology fits well with free market economy in light of the fact that the individual is the center of consideration and can take part in any business that is not denied. Every individual is viewed as preparing equivalent power and obligation in the eyes of the law take for moment normal carriage in which transportation suppliers were obliged to serve all shippers and charge sensible rates without separation.(Coyle, Novak, Gibson, Bardi, 2011, pp
D.(2)- As goods leave the shipping dock, the system generates a bill of lading and associated sales invoice, which is automatically recorded in the sales journal.
Certain business situations necessitate that customers take title to the goods purchased, agree to pay for them and yet not be in a position to accept delivery of the goods. In such cases, the sellers fulfill the manufacturing requirements and segregate the goods in their warehouses so as to make the goods available to the customers for shipment. Such transactions are labeled ‘bill and hold’ agreements (Grant Thornton, 2010).
The product in question is a freight product that covers shipment of documents or other items up to a weight of 2 pounds and offered overnight delivery of the documents. Another value proposition of this product is the added safety feature of it being shipped in waterproof or tear-proof envelopes ensuring the documents are shipped without the possibility of damage.
Transportation is a key element in the logistic chain. It joins together those components that are considered to be separated. In order for transportation and logistics to work together successfully, there must be good management between them. It plays a
Using design for logistic will reduce shipping and inventory cost because handling cost, space per product usually decrease; revenue per square foot usually increase.
The use of the transportation system has made life in the world simpler, since we depend on transportation to transport us to and from our daily operations. Today, in this world we can go anywhere we choose to, due to how transportation has evolved over the years starting from the wheel. Transportation has made the world a very comfortable to live in, but sometimes as humans we sometimes forget to appreciate the small things in life like transportation. Our time in life is very valuable, and transportation helps supports our valuable time by transporting us to different places at a faster speed. If transportation decided to abruptly come to an end, the world would end up in chaos, because without transportation this world would be a difficult place to live in. If people have no means of transporting them themselves in this world, how would they keep their job and find a job, in order to put food on the table for themselves and their families. If people in this world today, just all of sudden get sick, how would they be able to transport themselves to the hospital. If there is no transportation how people go into stores in buy food, clothes, medicine, and other necessary items that help them sustain health. Transportation is one of the reason, why so many of us have food on our refrigerator and tables at night and clothes on our back. In this world today, there are many sick children in this world that need our support, and transportation is one of the
Transport plays a critical role in the supply chain and according to Bhattacharya et al. (2014) it is becoming one of the key components of the whole supply chain valuation for many organizations. Transportation is the movement of good from one location to another. Supply chain is a network of individuals, organizations, activities, resources and technology that is involved in formation and sale of a product, which is from the delivery of source materials from the supplier to the manufacturer, through to the end user. Hopkins (2007) states that supply chain professionals look at whole business procedures, which is from raw materials to manufacturing, wholesaling and retailing. And by