Storage Report for Bins and Pallets

LVK charges for product storage once the items have been received. The Storage Report allows you to see - day by day - the physical inventory in stock at our warehouses (all locations: sellable and non-sellable) and how many Bins & Pallets are occupied.

The Bins & Pallets Storage Report lists all physical SKUs, by warehouse and date. For each SKU, the report shows:

• Total Units: The total number of physical units
• Units in Pallets: The total number of physical units in pallets
• Virtual Pallets: The quantity of pallets occupied by those units
• Units in Bins: The total number of physical units in bins
• Virtual Bins: The quantity of bins occupied by those units
• Total Volume in Bins (Cubic Feet): the cubic volume those units represent.

Bins & Pallets Storage Fee Calculation

After the daily shipment cut-off, LVK calculates the storage cost for only the remaining products in stock, meaning we do not charge you storage costs for products that have shipped throughout the day.

To calculate storage accordingly, LVK considers the following:

• For Bins, each bin in our warehouse can hold up to 1.5 cubic feet of product. We calculate the number of bins by looking at the total cubic feet of a product and dividing it by 1.5. This number is rounded up.
• For Pallets, if the cubic volume on a pallet is less than or equal to 1.5, we charge the pallet locations as if it were a bin. If the pallet is more than 1.5 cubic feet, it is charged as a pallet.

How do I Calculate my Daily Storage Charge?

The total daily storage is calculated by adding the number of bins and pallets, each multiplied by its corresponding fee. Once you have exported the file, check the columns and use the calculation below to match the charges that were applied.