Finance, How-to, New features, Warehousing
Calculate storage costs easily and flexible per pallet per day
4 February, 2021
2min. reading time
As a logistics service provider, you are 100% committed to unburden your customers and take care of the storage or transportation of their goods. However, like in every enterprise, revenue is necessary to keep in business. Therefore, for the storage of goods in your warehouse, you charge your customers. In 3PL Dynamics we call this storage costs, or storage fees. In what way you charge them is completely up to you and can be done using different calculation methods in your WMS Contract. For example, you can use the maximum position per week or storage fee per location. A new functionality in our solution now offers you the possibility to calculate storage costs per pallet par day in your WMS Contract. Do you want to know how this works? Continue reading quick!
New storage costs calculation method
By calculating your storage costs per pallet per day, Dynamics calculates per day if a specific pallet was stored in your warehouse in the period you create the invoice for. When you create an invoice over 30 days, 30 lines are shown on the invoice. Each line giving the number of pallets that were stored for that day. In this way, you can calculate a service price per pallet.
Furthermore, we as Boltrics have seen that for some customers creating an invoice can take a while. By using this new calculation method, this is prevented and your invoice is ready in no time. Because this calculation does not use storage cost tables but product items, an invoice that would have taken over an hour will be ready in just a few minutes.
Set up storage costs per day per pallet
Is this precisely what you were searching for? Or are you interested in trying the new functionality? Simply set up your WMS Contract with storage costs per day per pallet yourself. In the video below, I’ll show you how you can do this in just a few steps.
Do you want to learn more about calculating storage costs with this new method? Or do you need help setting up the contract in your environment? Mail to firstname.lastname@example.org and we are glad to help you.