Innovating Supply Chains: Leveraging Document Management in the Age of Digital Evolution
Innovating Supply Chains: Leveraging Document Management in the Age of Digital Evolution
Low-Code / No-Code Intelligent Document Processing for Transportation & Logistics
Reginald J. Twigg
January 05, 2022
The most newsworthy topic lately has been on the supply chain disruptions—shortages specifically. Every consumer and business now experiences supply chain disruption in the form of shortages and rapid inflation. Scarcity directly drives up the cost of goods, and Transportation and Logistics play a key role in this conversation. While many shortages come from interruption of production, COVID being the most notable cause, the issue is compounded by hard-coded document-dependent processes that don’t adapt quickly enough to onboard new suppliers or tackle changes in shipping requirements.
Agility in document processing matters now more than ever to shippers as a vital link in the supply chain. Eighty percent of business processes are document-driven, which can be the weakest link in a supply chain. Yet, many shippers don’t know where to begin this automation journey in a way that gets the quickest wins.
The difference low-code / no-code Intelligent Document Processing (IDP) solutions make for shippers
Most shippers have some experience with traditional automation approaches–most notably robotic process automation (RPA) with basic optical character recognition (OCR) technologies. These tools have enabled automation of rote tasks and rote document data extraction and validation in stable processes. But, change has become a fact of shipping operations in today’s normal of supply chain disruption, and traditional OCR solutions are no longer enough. They focus only on data field recognition, extraction, and validation, and accomplish this most often through hard-coded instructions from applications and IT systems.
Adding artificial intelligence (AI) with machine learning (ML) has added sophistication to OCR to make it more “intelligent” in handling variance, but most of the solutions available on the market today are limited by their data field-level processing.
Named entity recognition (NER) offers maximum flexibility in managing the high variability and change in documents that often breaks automation of document processing applications. NER, being focused on the quality of information regarding business entities (shipper, customer, for example), gains higher rates of straight-through processing than field-level recognition because it does not care about the location coordinates or metadata tagging of specific fields.
Shipping documents are highly variable, and modern NER approaches take that variability and change as a given and build more reliable automation on top of it.
Low-code / no-code solutions take NER flexibility even further by removing the burden of having to lay down a complex application infrastructure for IT to implement and maintain. Pre-trained low-code / no-code “document skills ” (pre-built readings of known document types–bills of lading, for example) can be plugged into existing applications and be up and running in hours or minutes versus their traditional OCR counterparts.
Since many shippers do not have the IT budget to add yet another big system application, low-code / no-code IDP solutions can be implemented directly by your operations group, on the front line where agility is most needed.
Automating logistics operations with pre-built document skills
What if shippers could have ready-made solutions for these critical documents–solutions with a deep understanding of both the operational processes the documents enable and an understanding of these documents as highly variable, constantly changing entities?
These Intelligent Document Processing solutions are now available with ABBYY Vantage . With a low-code / no-code library of pre-built freight and shipping documents, Vantage empowers shippers and logistics providers of any size to meet their most difficult document processing challenges using their operational knowledge, instead of a major IT investment.
Available now in the ABBYY Vantage Marketplace are the essential document skills shippers need, including:
- Bill of Lading
- Receipt
- Certificate of Origin
- Air Waybill
- Sea Waybill
- Commercial Invoice
- Customs Declaration
- VAT Form
- Dangerous Good Declaration
Vantage pre-built containerized document skills for Transportation & Logistics deliver the adaptability, straight-through processing automation, and lowest-cost solutions needed to respond to ever tighter SLAs in a world where supply chain disruptions have become normal business. Now, automation is in reach of shippers with the most constrained budgets.
Looking to optimize your Transportation & Logistics operations for rapid change?
We have a skill for that.
A marketplace approach
Real-time visibility and document processing are the key to supply chain digital transformation. That is precisely the idea behind the new ABBYY Marketplace , the first digital marketplace for processing and understanding enterprise documents that provides a rich collection of content skills, connectors, and assets. Many of the top shippers and logistics providers, and many cloud-based companies, are providing their business users and citizen developers the best-in-class document and content processing with our easy-to-use, configurable, and pluggable platform, which is ready to use within minutes.
Learn more about how ABBYY is helping Transportation and Logistics providers in supply chains become more nimble through the power of low-code / no-code in ABBYY Vantage and Marketplace — preloaded with skills developed by ABBYY and by our partners to automate all types of content-centric processes. With over 30 years of making document processing work for enterprises, ABBYY puts that experience to work in Vantage as the most complete and modern solution to Intelligent Document Processing.
Intelligent Document Processing (IDP) Digital Transformation Robotic Process Automation (RPA) Transportation & Logistics
Reginald J. Twigg
Like, share or repost
Share
Subscribe for blog updates
First name*
E-mail*
Сountry*
СountryAfghanistanAland IslandsAlbaniaAlgeriaAmerican SamoaAndorraAngolaAnguillaAntarcticaAntigua and BarbudaArgentinaArmeniaArubaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBarbadosBelgiumBelizeBeninBermudaBhutanBoliviaBonaire, Sint Eustatius and SabaBosnia and HerzegovinaBotswanaBouvet IslandBrazilBritish Indian Ocean TerritoryBritish Virgin IslandsBrunei DarussalamBulgariaBurkina FasoBurundiCambodiaCameroonCanadaCape VerdeCayman IslandsCentral African RepublicChadChileChinaChristmas IslandCocos (Keeling) IslandsColombiaComorosCongo (Brazzaville)Congo, (Kinshasa)Cook IslandsCosta RicaCroatiaCuraçaoCyprusCzech RepublicCôte d’IvoireDenmarkDjiboutiDominicaDominican RepublicEcuadorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEthiopiaFalkland Islands (Malvinas)Faroe IslandsFijiFinlandFranceFrench GuianaFrench PolynesiaFrench Southern TerritoriesGabonGambiaGeorgiaGermanyGhanaGibraltarGreeceGreenlandGrenadaGuadeloupeGuamGuatemalaGuernseyGuineaGuinea-BissauGuyanaHaitiHeard and Mcdonald IslandsHoly See (Vatican City State)HondurasHong Kong, SAR ChinaHungaryIcelandIndiaIndonesiaIraqIrelandIsle of ManIsraelITJamaicaJapanJerseyJordanKazakhstanKenyaKiribatiKorea (South)KuwaitKyrgyzstanLao PDRLatviaLebanonLesothoLiberiaLibyaLiechtensteinLithuaniaLuxembourgMacao, SAR ChinaMacedonia, Republic ofMadagascarMalawiMalaysiaMaldivesMaliMaltaMarshall IslandsMartiniqueMauritaniaMauritiusMayotteMexicoMicronesia, Federated States ofMoldovaMonacoMongoliaMontenegroMontserratMoroccoMozambiqueMyanmarNamibiaNauruNepalNetherlandsNetherlands AntillesNew CaledoniaNew ZealandNicaraguaNigerNigeriaNiueNorfolk IslandNorthern Mariana IslandsNorwayOmanPakistanPalauPalestinian TerritoryPanamaPapua New GuineaParaguayPeruPhilippinesPitcairnPolandPortugalPuerto RicoQatarRomaniaRwandaRéunionSaint HelenaSaint Kitts and NevisSaint LuciaSaint Pierre and MiquelonSaint Vincent and GrenadinesSaint-BarthélemySaint-Martin (French part)SamoaSan MarinoSao Tome and PrincipeSaudi ArabiaSenegalSerbiaSeychellesSierra LeoneSingaporeSint Maarten (Dutch part)SlovakiaSloveniaSolomon IslandsSouth AfricaSouth Georgia and the South Sandwich IslandsSouth SudanSpainSri LankaSurinameSvalbard and Jan Mayen IslandsSwazilandSwedenSwitzerlandTaiwan, Republic of ChinaTajikistanTanzania, United Republic ofThailandTimor-LesteTogoTokelauTongaTrinidad and TobagoTunisiaTurkeyTurks and Caicos IslandsTuvaluUgandaUkraineUnited Arab EmiratesUnited KingdomUnited States of AmericaUruguayUS Minor Outlying IslandsUzbekistanVanuatuVenezuela (Bolivarian Republic)Viet NamVirgin Islands, USWallis and Futuna IslandsWestern SaharaZambiaZimbabwe
I have read and agree with the Privacy policy and the Cookie policy .
I agree to receive email updates from ABBYY Solutions Ltd. such as news related to ABBYY Solutions Ltd. products and technologies, invitations to events and webinars, and information about whitepapers and content related to ABBYY Solutions Ltd. products and services.
I am aware that my consent could be revoked at any time by clicking the unsubscribe link inside any email received from ABBYY Solutions Ltd. or via ABBYY Data Subject Access Rights Form .
Referrer
Last name
Query string
Product Interest Temp
UTM Campaign Name
UTM Medium
UTM Source
ITM Source
GA Client ID
UTM Content
GDPR Consent Note
Captcha Score
Page URL
Connect with us
Also read:
- [New] Understanding and Leveraging Telegram Browser Features
- [Updated] Essential Guide to Producing Quality IGTV on Smartphones/DSLRs
- Elevate Security with 7 Best No-Charge Window Tools
- Fresh Start on Your iPhone 15? Here’s How to Perform a Smooth Reboot!
- How To Effectively Copy Your Excel Data: Tips for Making Full and Partial Copies, Including Formula Replication Options
- In 2024, Bypassing Google Account With vnROM Bypass For Vivo Y27 5G
- In 2024, Digitizing Memories From Stillness to Movement
- Overcoming 'Screen Unresponsive' Error on Windows 11
- Seamless User Engagement Boosted by Innovative Cookiebot Technology Solutions
- The Future Is Now: Understanding AI Governance on the AI Pulse Podcast
- Top 9 Complimentary Sites for Mastering New Languages
- Transform Images Into Editable Text - OCR for PDF/JPG Files on iOS via FineReader
- Transforming Jobs Tomorrow: Insightful Analysis on RPA's Impact and ABBYY's Forecast [White Paper]
- Transforming Legal Text Analysis with ABBYY's Advanced Docs: Enhanced Capabilities and Seamless RAG Sync
- Title: Innovating Supply Chains: Leveraging Document Management in the Age of Digital Evolution
- Author: Paul
- Created at : 2024-10-10 01:38:25
- Updated at : 2024-10-14 21:50:42
- Link: https://solve-marvelous.techidaily.com/innovating-supply-chains-leveraging-document-management-in-the-age-of-digital-evolution/
- License: This work is licensed under CC BY-NC-SA 4.0.