You have a privilege to create a quiz (QnA) related to this subject and obtain creativity score...
Glossary or Dictionary of terms
A
Active tag
RFID technology that is used to track a load/pallet.
Active tag reader
RFID technology that is used to read an active tag. All TIP trucks have an active reader on the back of the vehicle.
Ask
Price submitted to the exchange by the shipper.
Assessment
Grading information collected by all parties (shipper, receiver, and carrier) for their counterparts and used in the bidding process.
Authority
Mechanism that DOT and Ministry of Transportation use to control of the trucks that are on the road.
B
Bid
Price submitted to the exchange by a carrier. A "closed" bid indicates that the shipper and carrier agreed on all aspects of the load.
Bid & ask
Process of establishing a price and closing a deal between carrier and shipper.
Bidding
Same as bid & ask.
Broker
Individual or company that buys and sells freight. Also known as freight broker.
C
Carrier
Business side or operating a truck. Local carriers deliver loads in a local geographically defined area, while national carriers operate nationally (in accordance with NAFTA).
Consignor
The party who originates a shipment of goods (shipper). The sender of a freight shipment, usually the seller.
Consignee
The party to whom goods are shipped and delivered. The receiver of a freight shipment.
D
Debit card
Bank card that gives a carrier access to its funds.
Deal, consummated or closed
Successful bidding process. Same as closed bid.
Driver exchange
TIP optimization program that looks like a bus optimization.
E
Ecosystem
Concept referring to the “buyer and seller“ philosophy, where all trucks are available to all loads.
Exchange
Place where bid & asks are transacted.
L
Load
Truck load or pallet with goods on it.
Log file
May refer to either a
transaction log, where ...;
tag log, where all GPS data from pickup to drop off is recorded; or
system/application log, a software-generated file with various information that could be used for debugging.
Lights-out accounting
Process that allows debit and credit transaction to be posted electronically to the carrier’s accounting software.
Live market data
A user view of the current market price for the delivery of a load from point A to B.
LTL
Less than truck load.
M
Module
Component of TIP is divided into three groups of modules that define the system. This grouping needs clarification. The TIP GRID composed of
TRM
Carrier
Truck
Optimization/Synchronization
BID & ASK
Live market data
Tracking
TIP Back office composed of
On Boarding
Lights out accounting
Compliance
TIP Corporation composed of
Data center management
CRM
Accounting
HR
TIP agent management
WEB pages
Marketing
Training
O
Optimization
Process of finding an optimal route for a Truck, given the pick-up and drop-off locations.
Onboarding
Workflow process for starting a new player on the TIP platform.
P
Pallet
Portable platform on which goods can be moved, stacked, and stored.
Pallet pooling
Solution allowing an exchange (pooling) of pallets for independent deliveries.
Player
Shipper, Carrier, TIP agent, or TIP employee.
Private fleet
Company that operates its own trucks for own delivery.
Profile
Player’s details, such as name, address, etc.
R
Rating
All players are rated by their counterpart (shipper – carrier, carrier- shipper) based on a pre-defined criteria set by TIP.
Receiver
A company receives goods. Note All companies are receivers and shippers. A receivers primarily is are retailers OR distributors that have their own fleets.
Reefer
a refrigerated container
Regional
carriers that deliver loads in a regionally defined geographically area.
Route
Either a route from point A to point B generated by mapping software or an optimized route that was generated by TIP for the carrier (a.k.a. TIP route). Generally composed of more than on Shipment.
S
Segments
Either a segment of a road between points A and B that is used internally or another way of referring to shipment (a.k.a. TIP route segment).
Shipper
A company that ships goods. Note All companies are shippers and receivers.
Shipment
A load that needs to be delivered from point A to B.
Skid
Same as pallet.
Synchronization
TIP GRID synchronizes with TRM the best time for pick up and drop off.
T
TAG
An Active RFID tag that TIP uses to monitor pallets/Loads.
TIP
Transportation Interchange Platform
TIP Agent
A registered independent sales person for TIP
TIP Sales Agent
A salaried person that on boards TIP agents- ( Do not want to use the term broker not to confuse with Freight broker)
TIP GRID
The paradigm echo system where all the data is interchanged
TIP- Back-Office (BO)
Any transaction that has a human intervention. Generally involves a Workflow of some sort
TIP- Data Center DC
Where all server side stuff is processed
TIP – Corporation
Running the TIP exchange from our business point of view. Primarily human intervention: Accounting, HR, CRM, Web pages, Training, Support, Dispute, Credit +++
TRM
Transportation Relationship Management
Truck
Driving side of operating a truck
Tracking
TIP Load tracking solution, initiated by user (shipper or receiver)
Tailing
TIP process that monitors condition of load (ready to be picked up, late, on time, early …)
Tractor
the Truck that hauls a container
Trailer
40’ – 53’ container
Trailer Exchange
A TIP optimization program where trailers are pooled to allow shipper and receiver to hold to trailer for a longer period of time than unload load times.
Twin Drivers
More than one driver in the same tractor – while one driver sleeps the other is driving.
<br/>A
<br/>Active tag
<br/>RFID technology that is used to track a load/pallet.
<br/>Active tag reader
<br/>RFID technology that is used to read an active tag. All TIP trucks have an active reader on the back of the vehicle.
<br/>Ask
<br/>Price submitted to the exchange by the shipper.
<br/>Assessment
<br/>Grading information collected by all parties (shipper, receiver, and carrier) for their counterparts and used in the bidding process.
<br/>Authority
<br/>Mechanism that DOT and Ministry of Transportation use to control of the trucks that are on the road.
<br/>B
<br/>Bid
<br/>Price submitted to the exchange by a carrier. A "closed" bid indicates that the shipper and carrier agreed on all aspects of the load.
<br/>Bid & ask
<br/>Process of establishing a price and closing a deal between carrier and shipper.
<br/>Bidding
<br/>Same as bid & ask.
<br/>Broker
<br/>Individual or company that buys and sells freight. Also known as freight broker.
<br/>C
<br/>Carrier
<br/>Business side or operating a truck. Local carriers deliver loads in a local geographically defined area, while national carriers operate nationally (in accordance with NAFTA).
<br/>Consignor
<br/>The party who originates a shipment of goods (shipper). The sender of a freight shipment, usually the seller.
<br/>Consignee
<br/>The party to whom goods are shipped and delivered. The receiver of a freight shipment.
<br/>D
<br/>Debit card
<br/>Bank card that gives a carrier access to its funds.
<br/>Deal, consummated or closed
<br/>Successful bidding process. Same as closed bid.
<br/>Driver exchange
<br/>TIP optimization program that looks like a bus optimization.
<br/>E
<br/>Ecosystem
<br/>Concept referring to the “buyer and seller“ philosophy, where all trucks are available to all loads.
<br/>Exchange
<br/>Place where bid & asks are transacted.
<br/>L
<br/>Load
<br/>Truck load or pallet with goods on it.
<br/>Log file
<br/>May refer to either a
<br/>transaction log, where ...;
<br/>tag log, where all GPS data from pickup to drop off is recorded; or
<br/>system/application log, a software-generated file with various information that could be used for debugging.
<br/>Lights-out accounting
<br/>Process that allows debit and credit transaction to be posted electronically to the carrier’s accounting software.
<br/>Live market data
<br/>A user view of the current market price for the delivery of a load from point A to B.
<br/>LTL
<br/>Less than truck load.
<br/>M
<br/>Module
<br/>Component of TIP is divided into three groups of modules that define the system. This grouping needs clarification. The TIP GRID composed of
<br/>TRM
<br/>Carrier
<br/>Truck
<br/>Optimization/Synchronization
<br/>BID & ASK
<br/>Live market data
<br/>Tracking
<br/>TIP Back office composed of
<br/>On Boarding
<br/>Lights out accounting
<br/>Compliance
<br/>TIP Corporation composed of
<br/>Data center management
<br/>CRM
<br/>Accounting
<br/>HR
<br/>TIP agent management
<br/>WEB pages
<br/>Marketing
<br/>Training
<br/>O
<br/>Optimization
<br/>Process of finding an optimal route for a Truck, given the pick-up and drop-off locations.
<br/>Onboarding
<br/>Workflow process for starting a new player on the TIP platform.
<br/>P
<br/>Pallet
<br/>Portable platform on which goods can be moved, stacked, and stored.
<br/>Pallet pooling
<br/>Solution allowing an exchange (pooling) of pallets for independent deliveries.
<br/>Player
<br/>Shipper, Carrier, TIP agent, or TIP employee.
<br/>Private fleet
<br/>Company that operates its own trucks for own delivery.
<br/>Profile
<br/>Player’s details, such as name, address, etc.
<br/>R
<br/>Rating
<br/>All players are rated by their counterpart (shipper – carrier, carrier- shipper) based on a pre-defined criteria set by TIP.
<br/>Receiver
<br/>A company receives goods. Note All companies are receivers and shippers. A receivers primarily is are retailers OR distributors that have their own fleets.
<br/>Reefer
<br/>a refrigerated container
<br/>Regional
<br/>carriers that deliver loads in a regionally defined geographically area.
<br/>Route
<br/>Either a route from point A to point B generated by mapping software or an optimized route that was generated by TIP for the carrier (a.k.a. TIP route). Generally composed of more than on Shipment.
<br/>S
<br/>Segments
<br/>Either a segment of a road between points A and B that is used internally or another way of referring to shipment (a.k.a. TIP route segment).
<br/>Shipper
<br/>A company that ships goods. Note All companies are shippers and receivers.
<br/>Shipment
<br/>A load that needs to be delivered from point A to B.
<br/>Skid
<br/>Same as pallet.
<br/>Synchronization
<br/>TIP GRID synchronizes with TRM the best time for pick up and drop off.
<br/>T
<br/>TAG
<br/>An Active RFID tag that TIP uses to monitor pallets/Loads.
<br/>TIP
<br/>Transportation Interchange Platform
<br/>TIP Agent
<br/>A registered independent sales person for TIP
<br/>TIP Sales Agent
<br/>A salaried person that on boards TIP agents- ( Do not want to use the term broker not to confuse with Freight broker)
<br/>TIP GRID
<br/>The paradigm echo system where all the data is interchanged
<br/>TIP- Back-Office (BO)
<br/>Any transaction that has a human intervention. Generally involves a Workflow of some sort
<br/>TIP- Data Center DC
<br/>Where all server side stuff is processed
<br/>TIP – Corporation
<br/>Running the TIP exchange from our business point of view. Primarily human intervention: Accounting, HR, CRM, Web pages, Training, Support, Dispute, Credit +++
<br/>TRM
<br/>Transportation Relationship Management
<br/>Truck
<br/>Driving side of operating a truck
<br/>Tracking
<br/>TIP Load tracking solution, initiated by user (shipper or receiver)
<br/>Tailing
<br/>TIP process that monitors condition of load (ready to be picked up, late, on time, early …)
<br/>Tractor
<br/>the Truck that hauls a container
<br/>Trailer
<br/>40’ – 53’ container
<br/>Trailer Exchange
<br/>A TIP optimization program where trailers are pooled to allow shipper and receiver to hold to trailer for a longer period of time than unload load times.
<br/>Twin Drivers
<br/>More than one driver in the same tractor – while one driver sleeps the other is driving.
<br/>
