21 Jan Your Invoice is your Pallet Control
I just need to understand where the pallets are going’
‘Why are we paying for pallets we don’t have?
‘I’m being told we have a handle on Pallet Control but do we? The cost of the invoice keeps going up.’
These statements are said to us frequently by Directors, CEO’s & CFO’s of businesses that are paying more $’s for their Pallets than they believe they should.
Understanding the Invoice is your pallet control. It is the key component to knowing what you are paying for, and where the pallets are going.
What is involved in understanding the Invoice?
The first step to understanding, the Pallet Invoice is your pallet control. Also understanding the terminology and meaning.
What equipment codes are on your Invoice? Know the Product codes?
Know what Delay Days are enforced and the cost to the business?
Rejections/Corrections on your Invoice – Know why? How is it managed?
Relocation Fees – Are you being charged?
Issue Fees – How much are you being charged?
Is there any E.D.O (Effective Days Offset) in place with trading partners that you are not aware of?
It’s important to know what your equipment codes are so that if an incorrect equipment code is transferred onto your account, or a Team member selects the wrong equipment code, it can be corrected before the charge hits the Invoice. You could be paying for equipment you’ve never used.
Delay Days or a delayed transfer means that hire of the equipment transfers to the receiver on a nominated number of days after the equipment is moved. For example, if you despatch equipment today, the hire charges would not transfer to the receiver until the date agreed.
E.D.O on your Invoice?
Equipment Days Offset means a set number of delay days automatically calculated by the CHEP system. Delay transfers can also be set up in the Loscam system. When an EDO or Delay Days are in place the Movement Date and the Effective Date can be the same date. However if there are Delay Days set, the sender will continue to pay hire on the equipment until the number of Delay Days are reached.
Did you know there are set EDO’s in place with CHEP & Loscam that you may not be aware of? eg; Coles, Woolworths, IGA, Aldi, SCT, Toll.
What is the cost to your business? Have you passed this onto your trading partner/s?
This is why understanding your Invoice is a crucial step to Pallet Control.
The Pallet Invoice is Pallet Control
The above information can be found on your Invoice.
Being able to answer the above and understand it in detail, gets you on the right track to accurate Pallet Control.