Obsolescence Management Sample Clauses

Obsolescence Management. The supplier will inform GGB's Supply Chain Service in a timely manner (at least 12 months in advance) and proactively about the life cycle of the material / product. Working with GGB, the supplier develops a plan to manage and cover the production of GGB's relevant products over this period without jeopardizing customer supply.
AutoNDA by SimpleDocs
Obsolescence Management. Seller shall maintain an Obsolescence Management Program that includes ongoing review and identification of actual and potential obsolescence risks, including but not limited to, obsolescence of components, assemblies, sub‐assemblies, and material for the goods. Seller shall perform all testing, qualification, non‐recurring activities, and engineering services required to maintain its Program. In no event shall resolving any obsolescence risk 1) entitle Seller to a price increase, 2) entitle Seller to make a claim for equitable adjustment, or 3) waive, relieve or release Seller from fulfilling all its duties under the purchase order including, without limitation, compliance with specifications and delivery dates.
Obsolescence Management. Supplier will proactively monitor all items and material used in the manufacture of the Components for impending obsolescence issues due to Components that have or will be taken out of production or the use of which has been announced as being or to be restricted or forbidden by a regulatory agency. Supplier agrees to provide Buyer with immediate notice of any potential obsolescence issue known to the Supplier with such notice to include the reason for obsolescence, estimated date the item/Component will no longer be available, any proposed alternatives, and a last-time buy opportunity at then current pricing for such item/Component. Such notice shall be provided to Buyer at least six (6) months prior to the anticipated obsolescence date. In addition, Supplier shall provide Buyer with a replacement item/Component which has design parameters and specification documentation that is fully consistent with the obsolete item/Components’ then-current design parameters and requirements documents within twelve
Obsolescence Management. The Contractor shall provide obsolescence management for all system components. The contractor shall assess hardware and software lifecycles and provide a comprehensive Hardware and Software Refresh Plan (CDRL G001) to mitigate obsolescence risks. The plan shall cover a rolling five (5) -year period for GCSS-MC/LCM Increment 1 assets. When directed by the PMO, the Contractor shall dispose of assets. The Contractor shall notify the PMO of announced product end of life, loss or impending loss of manufacturers of items or suppliers of items, or software end-of-life. The Contractor shall provide systems recommendations for upgrades or migrations to mitigate obsolescence issues. The Contractor shall provide procurement and implementation costs to replace obsolete items and provide source data to support forecasting of obsolescence risks. The Contractor shall prepare hardware for disposal when required. Deliverable CDRL G001 - Open Systems Management Plan – (Hardware and Software Refresh Plan)
Obsolescence Management. Obsolescence management serves to avoid/reduce production losses resulting from outdated or no longer available raw materials, materials or production equipment. Supplier must immediately inform Customer if materials needed for production of products ordered by Customer are no longer available or if it is foreseeable that they will no longer be available. Supplier must inform Customer immediately if materials or chemicals ordered during last two years are to be discontinued. Technical or economic obsolescence does not release Supplier from its obligation to deliver contractual products according to contract. Substitute products may be delivered only with written approval.
Obsolescence Management. The Supplier shall be fully responsible throughout the Term of the Contract for the cost of managing any incidence of obsolescence, and for implementing actions to ensure the continued supply of Materials listed under the Contract. The availability of all active electronic components that are constituent parts of any Materials supplied under the Contract will need to be monitored. Monitoring shall consist of the Supplier evaluating the likelihood of obsolescence at appropriate time periods in order to give the Company prior notice of obsolescence. The Supplier shall provide, as part of its bid proposal, details of its monitoring processes including arrangements for notification.
Obsolescence Management. Seller shall periodically notify Customer of available updates to Product configurations arising from technological improvements or Product evolution. To the extent such improvements or advancements render Products obsolete, Seller will provide Customer with options for diminishing parts, forward compatible parts / upgrades, or tailored maintenance programs which may be purchased at the Customer’s request under a separate Purchase Order.
AutoNDA by SimpleDocs
Obsolescence Management. The contractor shall perform obsolescence management for repair parts and commercial off the shelf (COTS) end items for hardware sustained on this contract as identified in Attachment J-9, Contractor Maintained and, or Sustained Hardware, in order to ensure hardware is available to support maintenance or manufacturing activities. In the event that original materials and/or parts are no longer available, or desirable, the contractor is responsible for notifying NASA, certifying the new sources, and updating engineering products per ISS Program processes.
Obsolescence Management. The Contractor shall notify NT in writing without undue delay after he gains knowledge that materials, spare parts, tools, software, components, consumables and any other items no longer will be produced/available (collectively referred to as the "Obsolete Items"), with suggestions for purchasing items to cover the remaining lifetime of the Trainsets. The Contractor shall, where possible, pre-store items which are in danger of becoming obsolete. The Contractor shall during the lifetime of the Trainsets be obliged to replace the Obsolete Items with other items of a similar type that is interchangeable and compatible with the Trainsets. The replacement items must be of comparable or better quality, and be of the same form, fit and function as the Obsolete Items and must comply with the specifications and requirements of the Contract. If the Trainsets require to be modified as a consequence of Obsolete Items, such modifications shall be performed by the Contractor. Furthermore, the Contractor shall during the Lifetime of the Trainsets update any documentation, including lists of spare parts and training program as a result of the Obsolete Items. The Contractor shall be entitled to receive payment for work performed pursuant to this clause in connection with replacing the Obsolete Items and/or perform modifications to the Trainsets. All costs incurred in connection with the preparation of the report and updating any documentation shall be borne by the Contractor. In addition, the Contractor shall on an annual basis prepare a written obsolescence report which shall be submitted to NT. Contractor's obligation to prepare such report shall commence at FTO of the first Trainset and continue throughout the Lifetime of the Trainsets. The report shall include all items that will or may become obsolete or unavailable during the next year and/or the remainder of the Lifetime of the Trainsets. The report shall provide a detailed plan with a binding time schedule as to how and when the Contractor intends to meet its contractual obligations set out in this clause by replacing the Obsolete Items and/or perform modifications to the Trainsets. Such plan shall be subject to NT's written approval prior to being implemented by the Contractor.
Obsolescence Management. (a) The Technology Partner is required to manage Obsolescence of all Equipment, Spares and Consumables to enable the trains to continue in service for the duration of the Contract.
Time is Money Join Law Insider Premium to draft better contracts faster.