The Efficiency of Pallet Pooling

iGPS offers businesses the ability to rent the exact number of pallets they need, rather than having to stock for peak seasons and keeping idle pallets in storage. Companies can easily upgrade to iGPS' system and avoid the expense of purchasing and maintaining a pallet inventory.

Renting Versus Owning

By renting plastic pallets from iGPS' shared pool, businesses can focus their capital expenditures and day-to-day supply-chain operations on their core business and eliminate the expensive distraction of owning and maintaining an inventory of pallets. Importantly, companies that have been using wood pallets – which are difficult to RFID-tag and trace – can readily upgrade to iGPS' system and begin tracking shipments in real time.

How Pallet Pooling Works

Under a pooled system, manufacturers, distributors and retailers rent – rather than own – their pallets; the pallets are owned by iGPS. The pooled pallet system works as follows:

  • The manufacturer notifies iGPS of a required shipment.
  • iGPS issues ready-for-use plastic pallets to the manufacturing facility in truckload quantities.
  • The manufacturer palletizes their product onto the platform and ships it down the distributor network.
  • Distributors receive the pallets and either store the products in warehouses or use the pallets to move products to the retailer.
  • Once the pallets have been emptied at a retail outlet, the distributor relocates the pallets to their distribution centers.
  • Pallets are accumulated at the distribution center and the distributor returns the pallets to iGPS.
  • iGPS inspects the pallets and prepares the pallets for reissue.

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