FORECAST PLANNING Clause Samples
The Forecast Planning clause establishes the process by which parties communicate and update anticipated future needs or requirements, typically regarding goods or services to be supplied. In practice, this clause outlines how forecasts are to be provided, the frequency of updates, and the level of detail required, such as monthly or quarterly projections of quantities. Its core function is to facilitate efficient production and inventory management, reducing the risk of shortages or overstock by ensuring both parties have clear expectations about upcoming demand.
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FORECAST PLANNING. CNS will provide to Tapemark an annual forecast to be used by Tapemark to assist in capacity planning. This annual forecast is not a binding forecast and Tapemark will not hold CNS to this forecast. CNS will also provide to Tapemark, production requirements for a 3-month time period on a monthly basis. Tapemark will use this production requirement to plan production and to plan their material requirements. In the event CNS cancels any orders, except only as expressly otherwise provided in this Agreement, CNS will be responsible only for reimbursing Tapemark for the cost of material in Tapemark's inventory or material that has been placed on order for production requirements that fall within the 3-month timeframe. CNS will not be responsible for material purchases that exceed production requirements for the 3-month timeframe, unless a member of the CNS operations group authorized such material purchases in writing. In no event will CNS be liable for any consequential, incidental or other damages for cancellation, but will only be liable for reimbursing Tapemark for its material costs. CNS will provide on an ongoing basis, purchase orders for production requirements for the aforementioned time period. These purchase orders are to be used by Tapemark as a finite scheduling format to plan production and material needs to meet the required dates as mutually agreed to as outlined in Section XII. Tapemark will provide CNS's planning department with detailed information concerning Tapemark's manufacturing capacity for its converting machines for each strip type and for each cartoning machine for each strip configuration. Each month, Tapemark will supply to CNS's planning department a summary of actual production for each converting machine by strip type and for each cartoning machine by strip configuration. Tapemark will mark any written information concerning capacities and production, ▇▇ ▇ther information that it may provide to CNS under this Agreement, which it intends to keep confidential as "CONFIDENTIAL". CNS will maintain the confidentiality of any information so marked except, as disclosure is required by law, process of law or to fulfill this Agreement.
FORECAST PLANNING. On a monthly basis, QiG Group will provide [***] ([***]) months firm orders and an additional [***] ([***]) months forecasts stating its anticipated needs for Relevant Project Components. This will provide Greatbatch with a total of [***] months projected requirements for planning purposes at all times. A new firm order requirement and the next month forecasted quantity will be provided each succeeding month. Forecasts covering QiG Group’s [***]-month anticipated needs are non-binding and are for planning purposes only. Greatbatch will hold at least [***] ([***]) weeks of supply of the Relevant Project Components, [***] ([***]) of which will be in the form of finished goods and [***] ([***]) of which will be in the form of WIP (collectively, the “Safety Stock”). This [***] ([***]) week amount will be determined based on the rolling [***] ([***]) month forecast described in the preceding paragraph. The Safety Stock will satisfy any purchase order according to FIFO (First In First Out) unless otherwise agreed to by the Parties in writing. QiG Group will be responsible for purchasing any Relevant Project Component that remains in Safety Stock for at least [***] ([***]) months.
FORECAST PLANNING. A. By * of each Contract Year, CPI shall provide WG with a non-binding * forecast indicating CPI's forecasted purchases of all filtered feedthroughs from WG for the next Contract Year. The forecast for the months remaining in 2005 shall be provided within * of the effective date of this Agreement. Also included in such forecasts is the required split between WG feedthroughs and * feedthroughs. The Forecast shall be used for purposes of facilitating each party's planning and in order to meet the lead times required by certain of WG's suppliers. Such forecasts are not legally binding in any manner and may be revised from time to time by CPI, as it deems appropriate, by providing notice to WG.
B. By the fifteenth day of every month, CPI will submit to WG in writing the following information:
(i) A rolling * forecast of anticipated needs. Such forecast shall not be binding on CPI or WG. Only a firm purchase order that is accepted by WG shall create a binding commitment.
(ii) A firm purchase order for each of the immediately following *
FORECAST PLANNING. Guidant will provide two (2) months firm orders and an additional four (4) months forecast stating anticipated needs. This will provide WGL with a total of six (6) months projected requirements for planning purposes at all
FORECAST PLANNING. Guidant/CRM will provide two (2) months firm orders and an additional seven (7) months forecasts stating anticipated needs. This will provide WGL with a total of nine (9) months projected requirements for planning purposes at all times. A new firm order requirement and the next month forecasted quantity will be provided each succeeding month.
FORECAST PLANNING