If you’re considering getting into the business of buying liquidation merchandise for your store, here are some terms you should be familiar with:
- “The Truckload”: (often referred to as a “container”) Trailers vary in length from 40 feet to 53 feet. An average truckload will contain the equivalent of 22 to 24 pallets.
- “The Pallet”: (also referred to as a “skid”) A pallet is made of wood and is used to contain boxes. The pallet is used to enable a forklift to move the merchandise. Occasionally the contents are shipped without the actual wood pallet, though it is still referred to as a pallet.
- “The Block”: A block (sometimes referred to as a “lot”), will be two or more pallets which are listed on one inventory list. A block could contain up to a truckload and often more than one truckload.
What is a manifest?
A manifest is a list and a Measure of merchandise. Some manifests will also list the wholesale cost or retail price of each item.