Supply Chain Logistics Glossary
T
TAG
See Intelligent Label.
THIRD PARTY LOGISTICS
See logistics Service Provider.
TIME-TO-MARKET
Quantitative indicator measuring the time elapsed between product development and actual marketing.
TOTAL QUALITY MANAGEMENT (TQM)
Approach to managing corporate human, financial, physical and technological resources based on quality methods and practices with the aim of satisfying the various parties involved (customers, shareholders, employees, etc.).
TRACEABLILITY
Ability to track a product from the development stage to its end of life. Traceability includes:
- Tracking: real-time location of the entity in the Logistics Chain;
- Tracing: possibility of obtaining information in non-real time from data recorded about the flow (flow memory).
TRADE-MARKETING
Approach in which developing, realizing and co-financing of marketing operations involves both the manufacturer and the distributor.
Compliments of: www.logixsource.com Page 14
Source: www.logistics-mag.com
TRANSPORT MANAGEMENT SYSTEM (TMS)
Computer application, and component of SCE packages, with the goal of optimizing the organization and cost of transport runs.
