Abc analysis: a classification of items in an inventory according to importance defined in terms of criteria such as sales volume and purchase volume. Abc classification



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Transportation Management System: A computer system designed to provide optimized transportation management in various modes along with associated activities, including managing shipping units, labor planning and building, shipment scheduling through inbound, outbound, intra-company shipments, documentation management (especially when international shipping is involved), and third party logistics management.
Transportation Mode: The method of transportation: land, sea, or air shipment.
Transportation Planning: The process of defining an integrated supply chain transportation plan and maintaining the information which characterizes total supply chain transportation requirements, and 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. The systems combine moves to ensure the most economical means are employed.
Trend: General upward or downward movement of a variable over time such as demand for a product. Trends are used in forecasting to help anticipate changes in consumption over time.
Trend Forecasting Models: Methods for forecasting sales data when a definite upward or downward pattern exists. Models include double exponential smoothing, regression, and triple smoothing.
Truck Stop Electrification (TSE): Provides power outlets at truck parking spaces in which truck drivers can simply plug in, and turn off their engines, rather than idle their truck engine.
Truckload Carriers (TL): Trucking companies which move full truckloads of freight directly from the point of origin to destination.
Truckload Lot: A truck shipment that qualifies for a lower freight rate because it meets a minimum weight and/or volume.
Turnover:
1) Typically refers to inventory turnover
2) In the United Kingdom and certain other countries, turnover refers to annual sales volume. Also see: Inventory Turns.
U
Ubiquity: A raw material that is found at all locations.
UCC: See: Uniform Code Council (UCC); also see: EAN.UCC.
ULD: See Unit Load Device (ULD).
Umbrella Rate: An ICC ratemaking practice that held rates to a particular level to protect another mode's traffic.
UN/SPSC: See United Nations Standard Product and Service Code (UN/SPSC).
Unbundled Payment/Remittance: The process where payment is delivered separately from its associated detail.
UNECE: United Nations Economic Commission for Europe.
Uniform Code Council (UCC): A US association that administrates UCS, WINS, and VICS and provides UCS identification codes and UPC codes. Also, a model set of legal rules governing commercial transmissions, such as sales, contracts, bank deposits and collections, commercial paper, and letters or credit. Individual states give legal power to the UCC by adopting its articles of law.
Uniform Product Code (UPC): A standard product numbering and bar coding system used by the retail industry. UPC codes are administered by the Uniform Code Council. They identify the manufacturer as well as the item, and are included on virtually all retail packaging. Also see: Uniform Code Council.
Uniform Resource Locator (URL): A string that supplies the Internet address of a web site or resource on the World Wide Web, along with the protocol by which the site or resource is accessed. The most common URL type is http://, which gives the Internet address of a web page. Some other URL types are gopher:/, which gives the Internet address of a Gopher directory, and ftp://, which gives the network location of an FTP resource.
Uniform Warehouse Receipts Act: The act that sets forth the regulations governing public warehousing. The regulations define a warehouse manager's legal responsibility and define the types of receipts he or she issues.
Unit Cost: The cost associated with a single unit of product. The total cost of producing a product or service divided by the total number of units. The cost associated with a single unit of measure underlying a resource, activity, product, or service. It's calculated by dividing the total cost by the measured volume. Unit cost measurement must be used with caution as it may not always be practical or relevant in all aspects of cost management.
Unit Load Device (ULD): Refers to airfreight containers and pallets.
Unit of Measure (UOM): The unit in which the quantity of an item is managed, e.g., pounds, each, box of 12, package of 20, or case of 144. Various UOMs may exist for a single item. For example, a product may be purchased in cases, stocked in boxes, and issued in single units.
Unit Train: An entire, uninterrupted locomotive, car, and caboose movement between an origin and destination.
United Nations Standard Product and Service Code (UN/SPSC): Developed jointly between the United Nations and Dun & Bradstreet (D&B). It has a five-level coding structure (segment, family, class, commodity, business function) for nearly 9,000 products.
United States Railway Association: The planning and funding agency for Conrail; created by the 3-R Act of 1973.
Unitization: In warehousing, the consolidation of several units into larger units into larger units for fewer handlings.
Unitize: To consolidate several packages into one unit; carriers strap, band, or otherwise attach the several packages together.
Unplanned Order: Orders which are received that do not fit into the volumes prescribed by the plans developed from forecasts.
UOM: See Unit of Measure (UOM).

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