|
|
Please search the abbreviations by using the alphabet links above.
The purpose of this tool is to list and define abbreviations used within the supply chain,
logistics and
Enterprise Resource Planning (ERP) areas. Please Email any terms that you think are missing or
where the definition is incorrect. All suggestions will be credited.
This work is copyrighted.
-
- T2B
- Time To Benefit
-
- T/S
- Terms of Sales
-
- T&C
- Terms and Conditions
-
- TAC
- Total Acquisition Costs
-
- TBC
- Time Based Competition - using speed to gain competitive advantage
by delivering products or services faster than one's competitors.
-
- TBOL
- Through Bill Of Lading
-
- TCO
- Total Cost of Ownership - of an asset say, including costs of
maintenance, support and ultimately retirement.
-
- TEDIS
- Trade Electronic Data Interchange System
-
- TERFN
- Trans-European Rail Freight Network.
-
- TES
- Technology Enabled Selling
-
- TL
- Truck Load - a full carrier truckload as opposed to Less than Truck
Load (LTL)
-
- TMS
- Transportation Management System
-
- TPI
- Third Party Inspection (Thanks to Stephen Butler)
-
- TPL
- Third Party Logistics (see also 3PL)
-
- TPS
- Transportation Planning and Scheduling
-
- TOC
- Theory Of Constraints - see OPT. Invented by Eli Goldratt in his
book 'The Goal'. Goldratt's book 'Necessary and Sufficient' takes the ideas further.
-
- In broad brush strokes, the Theory of Constraints (TOC) is about change and
how best to effect it.
-
- More specifically, TOC is a set of management principles that help
to identify impediments to your goal(s) and effect the changes
necessary to remove them.
-
-
- TOC recognizes that the output of any system that consists of
multiple steps where the output of one step depends on the output of
one or more previous steps will be limited (or constrained) by the
least productive steps. In other words, as paraphrased in "The
Goal", the strength of any chain is dependant upon its weakest
link.
-
- Where manufacturing is concerned, TOC postulates that the goal is to
make (more) money. It describes three avenues to this goal:
-
- 1. Increase Throughput
- 2. Reduce Inventory
- 3. Reduce Operating Expense
-
- As Dr. Goldratt notes, the opportunities to make more money through
reductions in Inventory and Operating Expense are limited by zero. The
opportunities to make more money by increasing Throughput, on the
other hand, are unlimited.
-
- More than that, though, TOC challenges us to define a goal and
re-examine all of our actions and measurements based on how well or how
poorly they serve it. This is done through a set of tools including,
-
- o The Socratic method
- o Goldratt's five focusing steps
- o Evaporating Clouds
- o Reality Trees
-
- that help us identify and resolve bottlenecks. (thanks to the APICS
TOC SIG)
- Also Train Operating Companies
-
- TPM
- Total Preventative Maintenance
-
- TQC
- Total Quality Control
-
- TQM
- Total Quality Management - an approach to management which engenders
commitment to achieving the agreed quality standards. it requires
establishing quality policies, procedures and practices in a quality
manual and auditing systems on a regular basis, It encompasses
supplier as well as production management.
-
- TREMCard
- Transport
Emergency card
-
- TW
- Tare Weight
-
|
