Training Plan

An outline of the training process that an instructor will use in a training program.

Tramp

An international water carrier that has no fixed route or published schedule, a tramp ship is chartered for a particular voyage or a given time period.

Transaction

A single completed transmission, such as the transmission of an invoice over an EDI network, is analogous to the usage of the term in data processing. In data processing, a transaction can be an inquiry or a range of updates and trading transactions. The definition is important for EDI service operators, who must interpret invoices and other documents.

Transactional Acknowledgement

Specific Transaction Sets, such as the Purchase Order Acknowledgement (855), acknowledge receipt of an order and provide special status information, such as reschedules, price changes, backorder situations, etc.

Transaction Set

Commonly used business transactions (e.g., purchase order, invoice, etc.) are organized in a formal, structured manner. They consist of a Transaction Set header control segment, one or more Data Segments, and a Transaction Set trailer Control Data Segment.

Transaction Set ID

A three-digit numerical representation that identifies a transaction set.

Transfer Pricing

The pricing of goods or services transferred from one segment of a business to another is known as transfer pricing. Transfer pricing generally includes the costs associated with performing the transfer, and therefore, item costs will be incrementally higher than when received through normal channels.

Transit Inventory

Material moving between two or more locations, usually separated geographically, for example, finished goods being shipped from a plant to a distribution center, is referred to as logistics. In-transit inventory is an easily overlooked component of total supply chain availability.

Transit privilege

A carrier service that allows the shipper to halt the shipment in transit to perform a function that alters the physical characteristics of the commodity, while still paying the through rate.

Transit Privilege

A carrier service that allows the shipper to halt the shipment in transit to perform a function that alters the physical characteristics of the commodity, while still paying the through rate.

Transit Time

The total time that elapses from pickup to delivery of a shipment.

Translation Software

Software that converts or 'translates' business application data into EDI standard formats, and vice versa.

Transload Facility

A facility is used for transferring shipments from trucks to rail and vice versa. These operations involve unloading inbound ocean containers (or other cargo), palletizing them, and then reloading them (typically into 53-foot over-the-road trailers) for railway or road transport to a final destination.

Transmission Acknowledgment

Acknowledgment that a complete transmission was received with no errors detected.

Transparency

The ability to gain access to information without regard to the system's landscape or architecture.

Transportation Association of America

An association that represents the entire U.S. transportation system—carriers, users, and the public—now defunct.

Transportation Cycle Time

A performance measure of the logistics service provider/transporter is the lead time taken by the product to reach the final destination. This is determined by calculating the difference between the day it leaves the warehouse and the day it reaches its destination.

Transportation Management System (TMS)

A computer system is designed to provide optimized transportation management in various modes, along with associated activities. These activities include managing shipping units, labor planning and building, shipment scheduling for inbound and outbound shipments, intra-company shipments, documentation management (especially when international shipping is involved), and third-party logistics management.

Transportation Method

A linear programming technique that determines the least-cost allocation of shipping goods from plants to warehouses or from warehouses to customers.

Transportation Mode

The method of transportation, e.g., land, sea, or air shipment.

Transportation Planning

The process of defining an integrated supply chain transportation plan and maintaining the information that characterizes the total supply chain transportation requirements, as well as the management of transporters both inter and intra-company.

Transportation Planning Systems

The systems used in optimizing assignments from plants to distribution centers and from distribution centers to stores combine 'moves' to ensure the most economical means are employed.

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.

Ubiquity

Existence or apparent existence everywhere at the same time: a raw material that is found in all locations.

UCC

The new name of EAN International is GS1 US. GS1 US is the new name of the Uniform Code Council, Inc® (UCC®), which is the GS1 Member Organization for the U.S. It is the association that administers UCS, WINS, and VICS, and provides UCS identification codes and UPCs. GS1 subgroups also manage the standards for electronic product codes (EPCGlobal) and Rosettanet.

UCS

A set of standard transaction sets for the grocery industry that allows computer-to-computer, paperless exchange of documents between trading partners. Using Electronic Data Interchange (EDI), UCS is a rapid, accurate, and economical method of business communication. It can be used by companies of all sizes and with varying levels of technical sophistication.

UI

User Interface.

Umbrella rate

An ICC rate-making practice that held rates to a particular level to protect the traffic of another mode.