Inventory Management System Sample Clauses

Inventory Management System a. CONTRACTOR agrees to maintain a total, perpetual inventory system reasonably satisfactory to DECORA for all Products stored in each Designated Location and to permit DECORA personnel reasonable access to the Designated Locations in order to inspect the facility, the inventory and records related thereto, as well as to conduct a physical inventory of Products during normal business hours. All shipments of inbound Products will be checked for over, short and damaged items (OS&D) and all OS&D items will be so designated on DECORA'S receiving reports and Carrier's delivery receipts. In the event of a discrepancy between DECORA'S documentation of Products inventory and CONTRACTOR'S on-line documentation of Products inventory or the physical inventory of Products, CONTRACTOR shall provide documentation to DECORA to reconcile the discrepancy to DECORA'S documentation, by taking the last agreed upon Products inventory records and all subsequent inbound and outbound records. b. At the conclusion of each cycle count and/or physical inventory of the Products at the DESIGNATED LOCATIONS, CONTRACTOR shall identify and notify DECORA of any variances in the inventory of the Products. i. Cycle counts shall be performed continuously at each DESIGNATED Location, and each SKU shall be cycle counted at least twice each year; and ii. Physical inventory counting shall be performed at least once a year at each DESIGNATED LOCATION, if requested by DECORA.
Sample 1
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Inventory Management System. Contractor will use an electronic inventory management system. The inventory management system shall identify minimum and maximum par levels for each type of durable medical equipment and expendable medical supplies. The minimum par levels shall be approved by County.
Sample 1
Inventory Management System. The MSP must: (a) provide a secure online web-based electronic inventory management system that provides access for authorised users to monitor and review Agency Apparel codes, inventory levels and all inventory transactions in real time within 20 Business Days of the Commencement Date; (b) ensure that the electronic inventory management system provides as a minimum the following: (i) accurate electronic recording of all issues, exchanges and returns of Agency Apparel by Agency Personnel, to the satisfaction of each Agency; (ii) the ability to maintain an accurate history of all items issued and returned for an individual Agency Personnel member; (iii) accurate electronic recording of Agency Apparel stock held by the MSP, including location of all stock; (iv) accurate management of Approved Apparel Suppliers and accurate electronic recording of Agency Apparel stock held by the Approved Apparel Suppliers; (v) accurate electronic recording of all Agency Apparel items received into and dispatched from the Distribution Centre; (vi) accurate electronic recording of procurement action undertaken on behalf of each Agency; (vii) provision of daily Agency Apparel movement schedules in an electronic format, to the satisfaction of each Agency; (viii) submission of timely and accurate monthly Approved Apparel Supplier movements (including non-compliant deliveries) and costs to each Agency; and (ix) submission of timely and accurate accounts and supporting statistical information to each Agency for the purposes of meeting each Agency's reporting requirements. (c) provide on-going inventory management, including but not limited to monitoring, forecasting and predicting of Agency Apparel stock levels, stock obsolescence and reporting; (d) implement a rolling stock cycle count program on an annual basis with the initial program to be agreed by both parties within 30 days after the Commencement Date; (e) conduct stock takes of all Agency Apparel as requested by each Agency from time to time. A detailed report is to be provided to the relevant Agency 5 Business Days following the date of the stock take; and (f) provide the ability to quarantine and segregate, in part or full, specific Agency Apparel as requested by each Agency.
Sample 1
Inventory Management System. Within 90 days after the Closing, management of Omni shall take measures to insure that the inventory management system of Preheat is consistent with Omni’s inventory management system, which measures shall be satisfactory to Agent in Agent’s sole discretion.
Sample 1

Related to Inventory Management System

  • Inventory Management The Subrecipient must submit an annual statement identifying the status of all equipment and non-real property items purchased with ESG funds by the contract termination date. The status report should inventory all equipment and non-real properties purchased with ESG funds and state the condition of the equipment and its location.

  • Quality Management System Supplier hereby undertakes, warrants and confirms, and will ensue same for its subcontractors, to remain certified in accordance with ISO 9001 standard or equivalent. At any time during the term of this Agreement, the Supplier shall, if so instructed by ISR, provide evidence of such certifications. In any event, Supplier must notify ISR, in writing, in the event said certification is suspended and/or canceled and/or not continued.

  • STATEWIDE CONTRACT MANAGEMENT SYSTEM If the maximum amount payable to Contractor under this Contract is $100,000 or greater, either on the Effective Date or at any time thereafter, this section shall apply. Contractor agrees to be governed by and comply with the provisions of §§00-000-000, 00-000-000, 00-000-000, and 00- 000-000, C.R.S. regarding the monitoring of vendor performance and the reporting of contract information in the State’s contract management system (“Contract Management System” or “CMS”). Contractor’s performance shall be subject to evaluation and review in accordance with the terms and conditions of this Contract, Colorado statutes governing CMS, and State Fiscal Rules and State Controller policies.

  • Management and Control Systems Grantee will: 1. maintain an appropriate contract administration system to ensure that all terms, conditions, and specifications are met during the term of the contract through the completion of the closeout procedures. 2. develop, implement, and maintain financial management and control systems that meet or exceed the requirements of Uniform Statewide Accounting System (UGMS). Those requirements and procedures include, at a minimum, the following: i. Financial planning, including the development of budgets that adequately reflect all functions and resources necessary to carry out authorized activities and the adequate determination of costs; ii. Financial management systems that include accurate accounting records that are accessible and identify the source and application of funds provided under each Contract of this Contract, and original source documentation substantiating that costs are specifically and solely allocable to a Contract and its Contract and are traceable from the transaction to the general ledger; iii. Effective internal and budgetary controls; iv. Comparison of actual costs to budget; determination of reasonableness, allowableness, and allocability of costs; v. Timely and appropriate audits and resolution of any findings; vi. Billing and collection policies; and vii. Mechanism capable of billing and making reasonable efforts to collect from clients and third parties.

  • Financial Management System Subrecipient shall establish and maintain a sound financial management system, based upon generally accepted accounting principles. Contractor’s system shall provide fiscal control and accounting procedures that will include the following: i. Information pertaining to tuition rates, payments, and educational assistance payments; and

  • PERFORMANCE MANAGEMENT SYSTEM 6.1 The Performance Plan (Annexure A) to this Agreement sets out – 6.1.1 The standards and procedures for evaluating the Employee’s performance; and 6.1.2 The intervals for the evaluation of the Employee’s performance. 6.2 Despite the establishment of agreed intervals for evaluation, the Employer may in addition review the Employee’s performance at any stage while the contract of employment remains in force; 6.3 Personal growth and development needs identified during any performance review discussion must be documented in a Personal Development Plan as well as the actions agreed to and implementation must take place within set time frames; 6.4 The Employee’s performance will be measured in terms of contributions to the goals and strategies set out in the Employer’s Integrated Development Plan (IDP) as described in 6.6 – 6.12 below; 6.5 The Employee will submit quarterly performance reports (SDBIP) and a comprehensive annual performance report at least one week prior to the performance assessment meetings to the Evaluation Panel Chairperson for distribution to the panel members for preparation purposes; 6.6 Assessment of the achievement of results as outlined in the performance plan: 6.6.1 Each KPI or group of KPIs shall be assessed according to the extent to which the specified standards or performance targets have been met and with due regard to ad-hoc tasks that had to be performed under the KPI, and the score of the employer will be given to and explained to the Employee during the assessment interview. 6.6.2 A rating on the five-point scale shall be provided for each KPI or group of KPIs which will then be multiplied by the weighting to calculate the final score; 6.6.3 The Employee will submit his self-evaluation to the Employer prior to the formal assessment; 6.6.4 In the instance where the employee could not perform due to reasons outside the control of the employer and employee, the KPI will not be considered during the evaluation. The employee should provide sufficient evidence in such instances; and 6.6.5 An overall score will be calculated based on the total of the individual scores calculated above.

  • Inventory Records Each Loan Party keeps correct and accurate records itemizing and describing the type, quality, and quantity of its and its Subsidiaries’ Inventory and the book value thereof.

  • Inventory To the extent Inventory held for sale or lease has been produced by any Borrower, it has been and will be produced by such Borrower in accordance with the Federal Fair Labor Standards Act of 1938, as amended, and all rules, regulations and orders thereunder.

  • Cash Management Systems On or prior to the Closing Date, Borrowers will establish and will maintain until the Termination Date, the cash management systems described in Annex C (the “Cash Management Systems”).

  • Accounts Receivable; Inventory (a) For each Account with respect to which Advances are requested, on the date each Advance is requested and made, such Account shall be an Eligible Account. (b) All statements made and all unpaid balances appearing in all invoices, instruments and other documents evidencing the Eligible Accounts are and shall be true and correct and all such invoices, instruments and other documents, and all of Borrower’s Books are genuine and in all respects what they purport to be. Whether or not an Event of Default has occurred and is continuing, Bank may notify any Account Debtor owing Borrower money of Bank’s security interest in such funds and verify the amount of such Eligible Account. All sales and other transactions underlying or giving rise to each Eligible Account shall comply in all material respects with all applicable laws and governmental rules and regulations. Borrower has no knowledge of any actual or imminent Insolvency Proceeding of any Account Debtor whose accounts are Eligible Accounts in any Transaction Report. To the best of Borrower’s knowledge, all signatures and endorsements on all documents, instruments, and agreements relating to all Eligible Accounts are genuine, and all such documents, instruments and agreements are legally enforceable in accordance with their terms. (c) For any item of Inventory consisting of Eligible Inventory in any Transaction Report, such Inventory (i) consists of finished goods, in good, new, and salable condition, which is not perishable, returned, consigned, obsolete, not sellable, damaged, or defective, and is not comprised of demonstrative or custom inventory, works in progress, packaging or shipping materials, or supplies; (ii) meets all applicable governmental standards; (iii) has been manufactured in compliance with the Fair Labor Standards Act; (iv) is not subject to any Liens, except the first priority Liens granted or in favor of Bank under this Agreement or any of the other Loan Documents; and (v) is located at the locations identified by Borrower in the Perfection Certificate where it maintains Inventory (or any location permitted under Section 7.2).

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