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Total operating cost 1) In connection with vehicle costing, a combination of fixed (ie standing), variable (ie running) and overhead (ie establishment) costs. In effect, the figure which indicates to an own-account operator what his vehicles cost to own and run and to a haulier the basis on which he calculates his profit margin. Total logistics solution 1) Modern j argon for service offered by consultants, etc to firms suffering problems with their logistics/distribution operations. Total lead-time 1) The total time between the decision to place a replenishment order until its availability for use. That is, the sum of order lead-time, purchasing lead-time, transit time and any goods inward lead-time for that replenishment order. (Source: ILT Supply-Chain Inventory Management SIG) Total acquisition cost (TAQ) 1) The sum of all the costs to an organization of carrying an item in stock including reorder, carrying and shortage costs. (Source: ILT Supply-Chain Inventory Management SIG) |
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