Price Management Sample Clauses

Price Management. The Supplier shall establish a clear and robust process for informing and managing Product Prices changes throughout the Term of the Agreement. This process shall include the requirements in Schedule 7.3 (Benchmarking). In accordance with the Open Book provisions set out in Schedule 7.1 (Charges and Invoicing) the Supplier shall be able to demonstrate: Price management on Goods, as well as all elements of the Services; Cost reduction on Goods during the Term, through consolidation, product improvement and rationalisation; Value for Money through efficiencies and innovation. In accordance with Schedule 7.1 (Charges and Invoicing) the Supplier shall demonstrate that their provision of the Services continues to provide Value for Money to the Authority. The Supplier shall employ appropriate methods to reduce costs throughout the Term. These could include (but are not limited to) the following: Product standardisation and leverage volume; Product range rationalisation (remove slow burners by approval); Improvement to sourcing process; Recycling income; Reduced inventory; Improved efficiency in warehousing processes; (g) Improved efficiency in Delivery. The Supplier shall provide a completed Financial Response Template which is compliant with the terms of Schedule 7.1 (Charging and Invoicing) as part of the ITT and will be documented in Schedule 4.1 (Supplier Solution). In accordance with Schedule 7.5 (Financial Reports and Audit Rights) the Supplier will provide to the Authority an Open Book accounting model for Goods and Services. The Supplier's Charges will be in the format for the Financial Response Template and thereafter the Annual Budget as required by the Authority and shall include (but not be limited to) a breakdown of the following costs: Cost of Products;