Storage Rates are used to capture charges for storing product within a warehouse. Storage charges are resolved by looking at the metrics of each product in each warehouse, and inspecting the Storage Rates of the Rate Card assigned to the Client Partner.
Creating a Storage Rate
Visit the Client Partner's Rate card and navigate into the Storage tab.
Create a new rate by choosing the Add Storage Rate button.
Give the rate a friendly name and save it.
You'll be presented with a blade allowing you to configure a charge.
Learn more about Rates and Charges in Consignly.
The storage rate is separated into several sections, in order to configure a charge that targets the right information.
Enter the following information:
- Warehouse (optional)
- Warehouse Location (optional)
- Warehouse Zone (optional)
The Warehouse can be set if you want to raise different charges for storage out of different warehouses.
The Daily Count Method determines how product is counted in the Warehouse. Learn more about Count Methods.
The Metrics selected in the General section determines the metric that will be used when working out the Daily Count. Product Unit Conversions may impact the calculation of the Charge Metric.
The Charge Method determines how the metrics are resolved based on the daily counts. Options available are:
- Average for Period
- This will take all the daily counts for the period and average them across the period
- Maximum for Period
- This will take the maximum daily count for the period
- Maximum per Day
- This will take the maximum daily count per day and sum the values together
The Product section allows you to target the charge to specific product-related properties. For example, target the rate to apply to products in a particular group, or with a particular attribute/value.
Choose to target a specific product, or a hazard class, or a combination of any of the above.
The Product section information works in conjunction with the General section to match a charge based on the information being supplied into the rate.
A charge configured to target hazardous products in the Category 3, Oxidizing Solids class
Next fill out the Accounting Card to set the Tax and optional Revenue Account and Cost Centre assignment. Learn more about the Accounting Card.
The Accounting section, with optional Revenue Account and Cost Centre properties (subscription dependent)
Define the charges that will be calculated for the rate.
Additionally, depending on the metric selected in the General section, Metric Conversions may be available in order to target charges to specific units of product, such as Virtual pallets, or Custom Units.
The Charge Application and Metric Rounding can be used in conjunction with charge breaks and the amount to determine the storage charge.
If Separate charges per product is checked, Consignly will look at each unique product in the warehouse and complete a storage charge calculation for it. This may result in many charges being raised for a Client Partner.
The Particulars describes the charge and is what flows through into the charge, transactions, and ultimately the schedule that the Client Partner may receive.