Storage charges are calculated based on the number of Warehouse Locations which are used. In the case where multiple products are stored on a single pallet the system will just charge the location once. Bulk locations may be used to store multiple 'pallets' in a single location and therefore charge multiple pallets of storage. Per-Location charges do not care about the amount of product in any location, simply the number of unique locations used (Note: by default all new storage being goods received during the storage week are charged - this can be turned off on the charge details tab 'Double Charge Storage'). This means that large quantities of product must be split up into individual "Pallets" so the storage charges are correct. This method is recommended when most of the warehouse is racked, and multiple products are stored within individual locations.
Warehouse Location Group Names
|"Per Location (and bulk location pallets)"|
Similar to Per-Location charging however the product quantity is taken into account when calculating storage charges.
This provides one advantage in that it allows large quantities of stock to be loaded into locations without being split into individual pallets. This solution is recommended in warehouses where bulk products are stored and locations are not shared by multiple products.
|"Volume Based"||Volume based charging calculates the total amount of product in the warehouse during the given period, takes the volume of those products, and then works out the total volume of the space used, and applies the charge for that. Number of warehouse locations used have absolutely no effect over volume based storage charges.|
|"Weight Based"||Like Volume based charging only charges are calculated based on the total weight of the product.|
|"Per Item"||Individual storage rates can be loaded against individual products. For example a fridge may have a storage charge per week of $4.50, while a microwave may have a storage charge of $1.20. This method is useful if odd shaped items are being stored (meaning pallet storage calculation methods don't work), and stocks need to be separated from one another (meaning that volume based charges are inaccurate). In most cases either pallet-based or volume-based storage charges are preferred as they more accurately track the actual storage space used. Per Item storage charges are prone to creating non-linear storage rates.|
|"Per Pallet (based on qty)"|
The total quantity of each products is aggregated across all warehouse locations. Then the number of pallets (or whatever its oversize units) are calculated, rounded up to a whole number. The charges are based on this quantity.
NOTE: You must have a Pallet Unit of Measure configured for each Product that is using this as a Storage Method charge.