Tender — A formal request for transportation services.
Tender Rejection — A situation that occurs when a carrier rejects a shipper’s tender forcing them to find an alternative carrier.
Third-Party Logistics Provider — A third-party firm that provides logistics services for customers.
Traceability — In shipping, this term refers to real-time or close to real-time location tracking.
Track and Trace — Following a shipment’s movement from origin to destination.
Trailer Drop — Occurs when a driver leaves a full trailer at a facility to pick up an empty one.
Transactional — A singularly occurring business relationship that occurs only on an at-need basis.
Transportation Management System (TMS) — An application that allows users to perform the activities needed to complete key logistics planning and processes.
Transportation Mode — The method by which goods are transported.
True Logistics Partner — Refers to a logistics relationship that goes beyond transactional services to a deeper, more consultative approach.
Value-Added Partner — A strategic partner that creates value for a firm that goes beyond benefits received from a transaction.
Velocity — The rate at which product move through a warehouse.
Vendor — A company that manufactures or distributes an item.
Visibility — Access to key data within the supply chain.
Warehouse Network — Refers to a vendor’s chain of warehousing locations throughout a given geographic area.
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