Transportation Requirements Planning (TRP)

Utilizing computer technology and information already available in MRP and DRP databases, to plan transportation needs based on field demand.

Transportation Research Board

A division of the National Academy of Sciences that pertains to transportation research.

Transportation Research Forum

A professional association that provides a forum for the discussion of transportation ideas and research techniques.

Transportation Security Administration (TSA)

TSA was created in response to the attacks of September 11th and signed into law in November 2001. Originally, TSA was part of the Department of Transportation but was moved to the Department of Homeland Security in March 2003. TSA's mission is to protect the nation's transportation systems by ensuring the freedom of movement for people and commerce.

Transshipment Problem

A variation of the transportation method of linear programming that considers consolidating shipments to one destination and reshipping from that destination.

Travel Agent

A firm that provides passenger travel information, including air, rail, and steamship ticketing, as well as hotel reservations. The travel agent is paid a commission by the carrier and hotel.

Trend

Refers to a factor used in forecasting, where there is a general upward or downward movement of a variable over time, such as the demand for a product.

Trend Forecasting Models

Methods for forecasting sales data when analysis of data exhibits an ongoing upward or downward pattern that is not due to seasonality or random noise.

Tribal Knowledge

A person's in-depth knowledge about a specific project or process is gained through their continuous involvement since its inception. It can also encompass any unwritten information that is not commonly known by others in the department, functional area, or company.

Triple Bottom Line Metrics

Metrics that measure ecological and social performance, in addition to financial performance, are known as the Triple Bottom Line, also referred to as People, Planet, Profit.

TRP

Transportation Requirements Planning

Truckload Carriers (TL)

Trucking companies move full truckloads of freight directly from the point of origin to the destination.

Truckload Lot

A quantity of freight, which although it does not fully fill a truck, qualifies as large enough to be rated for a truckload rate.

Trunk Lines

Oil pipelines are used for the long-distance movement of crude oil, refined oil, or other liquid products.

TSA

Transportation Security Administration.

T's & C's

All the provisions and agreements of a contract.

Turnover

1) A calculation of the number of times the inventory of an item would be consumed during a period, given average inventory levels and consumption. 2) A calculation of the rate at which the employee base of a company or department would change during a period due to hiring and termination. Also see Inventory Turns.

Twenty-Foot Equivalent Unit (TEU)

Standard unit for counting containers of various capacities and for describing the capacities of container ships or terminals: one 20-foot ISO container equals 1 TEU. One 40-foot ISO container equals two TEU. A 20-foot container is typically 8.5 feet tall and 8 feet wide outside, and it has an internal capacity of 1170 cubic feet.

Two-Bin System

An inventory ordering system in which the time to place an order for an item is indicated when the first bin is empty, and the second bin contains sufficient supply until the order is received.

Two-Level Master Schedule

An approach to master scheduling in an environment that uses product family plans with a variety of options at the end-item level. The first level creates a master schedule at the family level for general planning purposes. The second level uses customer-specific option choices to provide improved master schedules at the option level. Also, see Production Forecast.

Two-way Scorecards

A scorecard that allows a supplier to provide feedback on how well a buyer is providing it with information, paying on time, and managing other key elements of bilateral performance.