Glossary
tactical fleet utilization
a sequential, hierarchical structure that minimizes cost while maximizing asset utilization to ensure that service levels are high, while freight costs remain low. a sequential, hierarchical structure that minimizes cost while maximizing asset utilization to ensure that service levels are high, while freight costs remain low. It is comprised of three phases pool segmentation, strategic fleet planning, and tactical fleet planning
tariff codes
identifiers supplied by government authorities, used to categorize merchandise for customs purposes
task
the lowest level of which operations can be subdivided
tax basis cost
the cost of an asset that is used to determine tax liabilities. It may include fees such as the purchase price, including capital gains and losses, accrued interest, etc.
tax over tax calculations
calculations that compute tax requirements from different bodies (e.g., federal, state, etc.) using a cascading method. For example, total price = (retail price + tax 1) + tax 2
temporary price changes
in retail, temporary price change refers to promotional price changes
TESS
TESS (Technology Evaluation Support System) is a decision support system (DSS) used for large-scale knowledge gathering and decision-making.
three-way match
a system of rules that determines what type of supporting documents are needed for an invoice. A three-way match generally requires an invoice, purchase order, and receiving.
throughput
1. the total volume of production generated through a machine, work center, etc. 2. in the theory of constraints, the reate which a system generates revenue through sales.
time release
in retail, timed releases refer to a specific or mandatory release date when certain items can be sold, such as movies, music, etc.
trade lane
a commerical connection between two or more individual markets
trade-off
in transportation, a trade-off refers to spending more money on one fuction to save on another
transportation management systems
a process that contains the basic components of a shared information system to support collaboration, rates, routes, roles, transaction sets, documents, and information exchanged to facilitate the booking, execution, and settlement of transportation movements.
transportation network optimization
Transportation network optimization efforts allow both shippers and customers to gain the best time/cost performance in transportation. These systems allow users to set strategy by understanding the trade-offs of supply chain designs and selecting various modes of transportation. For example, users can weigh the high cost of air transport with its time benefits, versus the less expensive rail, but slower times. These systems also allow users to asses complex multi-model strategies and complex process synchronization such as consolidation processes and intransit merge. Even if a firm outsources their transportation operations to external third-party logistics providers (3PL), firms should run their own simulations in order to assess the performance of their service providers and understand alternative routes and solutions in case of a crisis or transportation disruption. For firms operating their own fleets, these optimization capabilities become a part of their daily operations to ensure the highest level of supply chain performance—by order, by customer, at the right service levels, and as profitably as possible. These concepts include maximizing the issue of assets, which include trucks, trailers, containers, and ship capacity, as well as the high performance flow through processing sites such as intermodel facilities, yards, and loading docks. At a tactical level, these systems can plan the order of loading of cargo and sequence of pick-ups and drop-offs to maximize performance and solve back haul problems.
trial balance
when a general ledger balances an activity for a specified period
trigger
notifies users that an action needs to take place if certain parameters have been met or exceeded
two-way match
a system of rules that determines what type of supporting documents are needed for an invoice. A two-way match is normally used when purchasing services, because it only requires an invoice and purchase order because there are no goods to receive. A two-way match can also be issued until the goods arrive.
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