Definitions
Bin Storage: 18” x 12” x 11” - Storage bins for smaller items
Shelf Storage: 19” x 42” x 23” - Standard shelf spaces for cases
Lane Storage: 19” x 88” x 18” - Larger shelf “lanes" for cases and picking larger units
Pallet Storage: 48” x 40” x 54” - Pallet storage
Tag: Tags are virtual containers that store inventory items. Every item must be assigned to a tag. Tag types include: Pick, Pallet, Case, Item, and Bin.
Bin: Tags are assigned to bins, which are (usually) the physical space inventory is stored in. Bin classes include: Receiving, Consumption, Pallet, Case, Item, and Bin.
Background
Storage charges are invoiced on a monthly basis. The amount of the total storage charge is determined by the type of storage that your SKU's take up in our warehouses. Storage costs are minimized by storing your products in their most efficient configuration.
Details
Storage Rates - Below are base storage rates by type of storage:
Storage Fee Type | CAD | USD | MEX |
Bin | 0.200 | 0.200 | 2.667 |
Shelf | 0.333 | 0.333 | 4.000 |
Lane | 0.667 | 0.667 | 5.333 |
Pallet | 1.333 | 1.333 | 13.333 |
Monthly Charge Calculation - Below are monthly charge calculations by type of storage:
Storage Fee Type | Monthly Charge Calculation |
Bin | (# of Total Bins) x (Bin Storage Rate) x (Days in Month) |
Shelf | (# of Total Shelves) x (Shelf Storage Rate) x (Days in Month) |
Lane | (# of Total Lanes) x (Lane Storage Rate) x (Days in Month) |
Pallet | (# of Pallet Tags) x (Pallet Storage Rate) x (Days in Month) |
Note 1: 'Bins' here refers to anything with a Bin Class = 'Bin'. 'Shelves' here refers to anything with a Bin Class = 'Shelf'. 'Lanes' here refers to anything with a Bin Class = 'Lane'.
Note 2: Inventory in Pick tags are not charged any storage fees, as they are in the process of order fulfillment.
If you need any additional help regarding this topic, please reach out to us at info@ordergrid.com.