INVENTORY RISK MANAGEMENT Sample Clauses

INVENTORY RISK MANAGEMENT. 10 8.1 Lead Time Expectations....................................................
Sample 1
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INVENTORY RISK MANAGEMENT. 8.1 End-Of-Life Inventory Support. SSCI will notify McDATA as parts reach End-Of-Life, through a supplier of SSCI declaring the End-Of-Life of its parts. SSCI will use best commercial efforts to locate and qualify a reasonable alternative to replace the End-Of-Life parts and/or components. If mutually agreed, SSCI will execute an End-Of-Life buy of such End-Of-Life parts or components on McDATA’s behalf. SSCI will continue to manage the End-Of-Life McDATA inventory for a mutually agreed upon term. SSCI shall use best commercial efforts to mitigate McDATA’s liability for carrying costs by requesting that its suppliers hold such inventory. SSCI shall provide to McDATA, on a monthly basis, a summary report of on-hand and projected End-Of-Life liabilities. SSCI must use best efforts to contractually require critical and sole source suppliers to provide [***] [***] notice of End-Of-Life and ensure continuity of supply during this period, including a final End-Of-Life buy at the end of the notice period.
Sample 1
INVENTORY RISK MANAGEMENT. 8.1 Lead Time Expectations. SUPPLIER shall actively work with its suppliers to continually reduce component and in-house process lead times. Additionally, SUPPLIER will provide a tracking report on component lead times on a [***]basis. Such report will reflect the number of part numbers with lead time in [***] ([***])[***] increments. 8.2 Non-cancelable Non-returnable (NCNR) Rules for Components. Non-cancelable non-returnable (“NCNR”) is hereby defined as any component that is unique to McDATA’s Products and/or cannot be returned to the supplier or utilized by SUPPLIER on other customer programs. On a [***]basis, SUPPLIER agrees to notify McDATA in writing of any components that are considered to be NCNR and for which SUPPLIER intends to hold McDATA liable for payment to SUPPLIER, and McDATA will provide written acceptance of such liability within [***] ([***])[***][***]. Due to the dynamic nature of NCNR components, SUPPLIER may experience changes in NCNR designation that were not disclosed in writing. In such event, if material liability is created due to a forecast change by McDATA, SUPPLIER will provide backup data to justify the NCNR liability. McDATA may choose to use a letter of intent to provide a blanket authorization for low dollar NCNR items. Notwithstanding the above, McDATA must agree in writing to the components that constitute NCNR for which it may be liable for. SUPPLIER shall provide McDATA a monthly report of NCNR products. 8.3 End-of-life Inventory Support. SUPPLIER will notify McDATA as parts reach end-of-life, through a supplier of SUPPLIER declaring the end-of-life of its parts. SUPPLIER will use reasonable commercial efforts to locate and qualify a reasonable alternative to replace the end-of-life parts and/or components. If mutually agreed, SUPPLIER will execute an end-of-life buy of such end-of-life parts or components on McDATA’s behalf. SUPPLIER will continue to manage the end-of-life McDATA inventory for a mutually agreed upon term. SUPPLIER shall use reasonable commercial efforts to mitigate McDATA’s liability for carrying costs by requesting that its suppliers hold such inventory. SUPPLIER shall provide to McDATA, on a monthly basis, a summary report of on-hand and projected end-of-life liabilities.
Sample 1
INVENTORY RISK MANAGEMENT 
Sample 1

Related to INVENTORY RISK MANAGEMENT

  • 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.

  • Risk Management Except as required by applicable law or regulation, (i) implement or adopt any material change in its interest rate and other risk management policies, procedures or practices; (ii) fail to follow its existing policies or practices with respect to managing its exposure to interest rate and other risk; or (iii) fail to use commercially reasonable means to avoid any material increase in its aggregate exposure to interest rate risk.

  • Liquidity Risk Measurement Services Not Applicable.

  • 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.

  • Administration and Risk Management Employees of Federated Advisory Services Company provide support to portfolio managers and other employees of affiliated advisers. Such services may include development of risk management programs, production of portfolio and compliance reports for clients and/or fund Boards, coordination of client portfolios and related fixed income trade execution implementation and administration, completion of required broker and custody documentation, development and documentation of operational procedures, coordination of proxy voting activities, on-site support of hardware and software, etc.”

  • 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.

  • Banking Operations Enter into any new material line of business; change its material lending, investment, underwriting, risk and asset liability management and other material banking and operating policies, except as required by applicable law, regulation or policies imposed by any Governmental Authority; or file any application or make any contract with respect to branching or site location or branching or site relocation.

  • PROCUREMENT LOBBYING To the extent this agreement is a "procurement contract" as defined by State Finance Law Sections 139-j and 139-k, by signing this agreement the contractor certifies and affirms that all disclosures made in accordance with State Finance Law Sections 139-j and 139-k are complete, true and accurate. In the event such certification is found to be intentionally false or intentionally incomplete, the State may terminate the agreement by providing written notification to the Contractor in accordance with the terms of the agreement.

  • Fleet In general, any in-house mechanic may be assigned to respond to any emergency during normal working hours in any of the three operating companies. (This does not supersede the Mechanic Personnel Working Across 309 Jurisdictional Boundaries Agreement dated October 4, 2007). Example 1: Lincoln (CILCO) unit breaks down in the northern part of its territory. It would make sense for the Bloomington (rp) mechanic to respond to the service call. Lincoln staffs a 2nd shift mechanic only and the vehicle in need of repair is closer to the Bloomington garage. This example covers areas that both have Ameren in-house mechanics. Example 2: Any CIPS 702 units could be repaired by Ameren staffed mechanics in 702 territories. This would generally happen in areas that are in close proximity to an IP or CILCO garage. This example covers 702 CIPS areas that do not have Ameren in-house mechanics. These jobs currently are outsourced. Perform Preventive Maintenance on CIPS 702 equipment at individual operating centers where advantageous. This work is currently outsourced. It is not the company’s intent to perform all PM’s with in-house mechanics.

  • Procurement All goods, works and services required for the Project and to be financed out of the proceeds of the Financing shall be procured in accordance with the provisions of Section III of Schedule 2 to the Financing Agreement.

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