Inventory management definitions and inventory terms beginning with the letter T
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tare weight
Tare weight, also called unladen weight, is the weight of an empty box or packaging.
telecom inventory management
Telecom inventory management is the practice of inventory management by telecom businesses to manage inventory, distribution, multiple location warehousing activities, CRM, purchasing, sales order management and decision support.
third party logistics
Third party logistics, or 3PL, provides outsourced logistics, warehousing and distribution services to businesses.
tiered pricing
Tiered pricing, also called multi-level pricing, refers to charging different prices for the same product based on volume levels.
time and materials
Time and materials is a pricing plan typically associated with services billing where labor is billed at an hourly rate and materials are billed based on the products used.
tire inventory software
Tire inventory software is software for tire and auto parts distributors and retailers allowing quick access to a vast amount of customer and product information.
tool inventory software
Tool inventory software is inventory software designed to manage the complex operations of tool and industrial supply distribution businesses.
total lead time
Total lead time is the time between a purchase order being issued and the receipt of goods into inventory.
tracking inventory software
Tracking inventory software is software for maximizing inventory control by integrating inventory tracking, warehousing, purchasing and other business management activities across the company.
trading partners
Typically associated with EDI, trading partners are businesses who establish connectivity requirements for importing and exporting information using EDI transactions.
transfer
A transfer records the transfer of inventory to a new location within a warehouse, from a warehouse to another location, or transfers between warehouses within a company.
trend analysis
Trend analysis is the process of analyzing historical data to find a pattern or trend in the information.
trouble ticket management
Trouble ticket management, also called trouble report management, is a process used track the detection, reporting, and resolution of a problem.
turn
Turn, also called inventory turn, is the number of times inventory is turned or sold in a specified period time period.
turnover
Turnover, or inventory turnover, is the number of times a product is reordered and resold within a specified period.