A pallet is a small tool, or a piece that helps in the mechanized movement of goods that are stacked. It is essentially required for forklift trucks. The pallet is made commonly of rough wood, and has fixed dimensions depending upon the region. It provides a basis for the assembling, sorting, storing, handling and transportation of goods from one place to another. It is commonly used in departmental stores for placing large loads from one shelf to antoher. It is also known as a skid in common terms.