Inventory Sufficiency of MMCAP Contract Products Sample Clauses

Inventory Sufficiency of MMCAP Contract Products. ‌ The Wholesaler is required to sufficiently stock MMCAP Contract Products. Wholesaler is required to stock inventory of MMCAP Contract Product unless there are fewer than three (3) units sold per month per distribution center or demand does not meet the minimum manufacturer requirements. If there is volume of three (3) units or more of an equivalent product, Wholesaler is required to stock inventory of MMCAP Contract Product based on equivalent product sales. MMCAP Contract Products that do not meet the units sold threshold and which are not stocked will be required to be viewable and available to request for stocking within Wholesaler’s online ordering system. The Wholesaler will be held accountable for any creation of unreasonable barriers in order to stock MMCAP Contracted Product. The Wholesaler will be responsible for proper notification in any of the MMCAP-contracted manufacturers’ contracts about to be terminated or expire. Proper notification is defined as notification in writing to MMCAP no later than five (5) business days prior to termination or expiration. The Wholesaler will be responsible for providing inventory forecasting reports to MMCAP as requested. These reports will monitor and forecast ordering, usage patterns, as well as, identify significant trends, including increases and decreases in purchases. Monthly contract compliance reports to monitor purchases of Non-Contract Products will also be available to the MMCAP upon request. At initial account set-up, based on usage data from MMCAP, the Wholesaler is required to stock a thirty
Sample 1
AutoNDA by SimpleDocs
Inventory Sufficiency of MMCAP Contract Products. ‌ The Wholesaler is required to sufficiently stock MMCAP Contract Products. Wholesaler is required to stock inventory of MMCAP Contract Product unless there are fewer than three (3) units sold per month per distribution center or demand does not meet the minimum manufacturer requirements. If there is volume of three (3) units or more of an equivalent product, Wholesaler is required to stock inventory of MMCAP Contract Product based on equivalent product sales. MMCAP Contract Products that do not meet the units sold threshold and which are not stocked will be required to be viewable and available to request for stocking within Wholesaler’s online ordering system. The Wholesaler will be held accountable for any creation of unreasonable barriers in order to stock MMCAP Contracted Product. The Wholesaler will be responsible for proper notification in any of the MMCAP-contracted manufacturers’ contracts about to be terminated or expire. Proper notification is defined as notification in writing to MMCAP no later than five (5) business days prior to termination or expiration. The Wholesaler will be responsible for providing inventory forecasting reports to MMCAP as requested. These reports will monitor and forecast ordering, usage patterns, as well as, identify significant trends, including increases and decreases in purchases. Monthly contract compliance reports to monitor purchases of Non-Contract Products will also be available to the MMCAP upon request. At initial account set-up, based on usage data from MMCAP, the Wholesaler is required to stock a thirty (30) day’s supply of Products. Thereafter, the Wholesaler’s buying system will be used to manage the demand by stocking inventory to meet said demand. Wholesaler will carry utilization history (demand) for a minimum of 60 calendar days, decreasing inventory stock of a Product that has not been ordered after the 60 calendar day period. The Wholesaler is required to maintain inventory stocking in accordance to service level and inventory parameters. The Wholesaler is not allowed to discontinue inventory stocking an MMCAP Contract Product unless there are fewer than three (3) units sold per month or does not meet the minimum manufacturer requirements. For Products marked as non-stock, Wholesaler must submit a monthly report detailing how equivalent generic purchasing is impacting non-movement. For new MMCAP Contract Product additions, the Wholesaler is required to have the Products loaded, stocked, and viewable...
Sample 1

Related to Inventory Sufficiency of MMCAP Contract Products

  • PAYMENT AND CONTRACT PRICE C1 Contract Price C2 Payment and VAT C3 Recovery of Sums Due C4 Contract Price During Extension of the Initial Contract Period C5 Euro

  • Bidder Supplied Samples The Commissioner reserves the right to request from the Bidder/Contractor a representative sample(s) of the Product offered at any time prior to or after award of a contract. Unless otherwise instructed, samples shall be furnished within the time specified in the request. Untimely submission of a sample may constitute grounds for rejection of Bid or cancellation of the Contract. Samples must be submitted free of charge and be accompanied by the Bidder’s name and address, any descriptive literature relating to the Product and a statement indicating how and where the sample is to be returned. Where applicable, samples must be properly labeled with the appropriate Bid or Contract reference. A sample may be held by the Commissioner during the entire term of the Contract and for a reasonable period thereafter for comparison with deliveries. At the conclusion of the holding period the sample, where feasible, will be returned as instructed by the Bidder, at the Bidder’s expense and risk. Where the Bidder has failed to fully instruct the Commissioner as to the return of the sample (i.e., mode and place of return, etc.) or refuses to bear the cost of its return, the sample shall become the sole property of the receiving entity at the conclusion of the holding period.

  • Payment and Contract Price C1 Contract Price

  • D6 Timber and Wood Derived Products D6.1 For the purposes of this clause D6, the following terms shall have the following meanings:

  • 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.

  • REPAIRED OR REPLACED PARTS / COMPONENTS Where the Contractor is required to repair, replace or substitute Product or parts or components of the Product under the Contract, the repaired, replaced or substituted Products shall be subject to all terms and conditions for new parts and components set forth in the Contract including Warranties, as set forth in the Additional Warranties Clause herein. Replaced or repaired Product or parts and components of such Product shall be new and shall, if available, be replaced by the original manufacturer’s component or part. Remanufactured parts or components meeting new Product standards may be permitted by the Commissioner or Authorized User. Before installation, all proposed substitutes for the original manufacturer’s installed parts or components must be approved by the Authorized User. The part or component shall be equal to or of better quality than the original part or component being replaced.

  • Loss Leader; Recycled Products Contractor shall not sell or use any article or product as a “loss leader” as defined in Section 17030 of the Business and Professions Code. If Contractor will sell to the Judicial Council, or use in the performance of this Agreement, goods specified in PCC 12207 (for example, certain paper products, office supplies, mulch, glass products, lubricating oils, plastic products, paint, antifreeze, tires and tire-derived products, and metal products), then with respect to those goods: (i) Contractor shall use recycled products in the performance of this Agreement to the maximum extent doing so is economically feasible, and (ii) upon request, Contractor shall certify in writing under penalty of perjury, the minimum, if not exact, percentage of post consumer material as defined in the PCC 12200, in such goods regardless of whether the goods meet the requirements of PCC 12209.

  • Inventories The Operator shall maintain detailed records of Controllable Material.

  • ESTIMATED / SPECIFIC QUANTITY CONTRACTS Estimated quantity contracts, also referred to as indefinite delivery / indefinite quantity contracts, are expressly agreed and understood to be made for only the quantities, if any, actually ordered during the Contract term. No guarantee of any quantity is implied or given. With respect to any specific quantity stated in the contract, the Commissioner reserves the right after award to order up to 20% more or less (rounded to the next highest whole number) than the specific quantities called for in the Contract. Notwithstanding the foregoing, the Commissioner may purchase greater or lesser percentages of Contract quantities should the Commissioner and Contractor so agree. Such agreement may include an equitable price adjustment.

  • C1 Contract Price C1.1 In consideration of the Contractor’s performance of its obligations under the Contract, the Authority shall pay the Contract Price in accordance with clause C2 (Payment and VAT).

Time is Money Join Law Insider Premium to draft better contracts faster.