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Logistics glossary
Here you find current terms and concepts in Supply Chain.
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | X | Y | Z
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Takt timeThe available production time divided by customer demand. For example, if a widget factory operates 480 minutes per day and customers demand 240 widgets per day, takt time is two minutes. Takt is German for a precise interval of time. |
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TariffThe schedule of rates, charges and related transportconditions.
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TerminalA place where a modal change takes place. It is alocation on either end of a transportation line including;office, servicing and handling facilities.
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Terms of paymentThe terms and methods of payment for goods and/orservices: agreed upon between a supplier and a customer.
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Total Productive Maintenance (TPM)A set of techniques, originally pioneered by Denso in the Toyota Group in Japan, to ensure that every machine in a production process always is able to perform its required tasks. |
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Total Quality Control (TQC)Control of all factors which can influence theuser/customer satisfaction. The goals of total qualitycontrol are twofold and closely related.The operational goal is to sustain the habit of qualityimprovement, while the target is, simply, perfection.
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Tracking and tracingMonitoring and recording shipment movements from origin to destination.
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Transit International par Route (TIR)A set of rules following a customs convention tofacilitate the international, European transport of goods by road with minimal interference under cover of TIR-carnets.
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TransponderA device (chip) used for identification, which automatically transmits certain coded data when actuated by a special signal from an interrogator.
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Turnover1) Inventory Turnover.
2) In the United Kingdom and certain other countries, annual sales volume.
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