Sometimes customers get sticker shock when they hear of a pallet costing $60, $70, or $125. This initial cost must be ignored.
The return on investment must be the priority. For instance, a $70 plastic pallet that lasts for 3 years in an operation is far cheaper than a $6 wood pallet that lasts for 3 weeks, and payback is received in approximately 8 months. These types of plastic pallets are purchased because internal operations are looking at cost reduction strategies.
We usually call these types of pallets
reusable pallets, distribution pallets, racking pallets, warehouse pallets, captive pallets, and so on. The plastic material, design, and processes for these pallets are different than those for
single use pallets, because the pallets have to be stronger and more durable to yield an effective ROI.
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Go to Part 3 in this series. Read about Pallet Materials and how you can avoid a common mistake!