Glossary
Pallet position
Definition
One pallet-sized storage slot in the racking or on the floor. You pay for the position whether the pallet on it is full or nearly empty.
Where the guide uses it
- 25 common 3PL billing errors and how to spot each one
- 3PL hidden fees: charges to never accept without a definition
- How to audit a 3PL invoice: a step-by-step checklist
- 3PL invoice backup: the supporting detail files to always request
- How to check 3PL invoice rates against your rate card
- 3PL long-term storage fees and aged-inventory surcharges explained
- 3PL monthly minimums: how they're calculated, what counts toward them, and how to negotiate
- How to compare 3PL rate cards and quotes apples to apples
- How 3PL pricing works: an overview of the rate card
- How 3PLs measure storage: snapshot, daily average, peak or prorated
- How to read a 3PL invoice: summary, line items and detail files
- Which 3PL fees and contract terms are negotiable (and which aren't)
- Phantom 3PL storage: billed pallets and bins that don't exist
- 3PL storage fees: per pallet vs. per bin vs. per cubic foot (and per square foot or location)
- True cost per order: how to calculate it from your 3PL invoices
- How to verify 3PL storage charges against inventory snapshots