Production Planning Forecasts Sample Clauses

Production Planning Forecasts. (a) To facilitate Penford's planning for the supply of Pharmaceutical Excipients, Penwest shall give Penford, at the beginning of every calendar quarter, an estimate of its requirements of the Pharmaceutical Excipients for the following twelve (12) months (the "Rolling Forecast"). The Rolling Forecast shall specify the monthly estimate for the first six (6) months of the forecast period and the quarterly estimate for the next six (6) months based on calendar quarters. (b) Penwest shall furnish Penford firm written purchase orders for its planned monthly requirements of Pharmaceutical Excipients no later than thirty (30) days prior to the required date for receipt of the shipment. Such firm purchase orders shall be equal to no less than eighty percent (80%) of the monthly estimate contained in the Rolling Forecast. The form of purchase order to be used by Penwest shall be agreed upon by the parties in advance of Penwest submitting firm orders for Pharmaceutical Excipients. (c) Penford shall deliver Pharmaceutical Excipients F.O.B. Penford's place of manufacture. (d) All invoices for Pharmaceutical Excipients shall be due and payable within thirty (30) days from the date of invoice to Penwest, which date of invoice shall not be earlier than the date of shipment. (e) Penford shall inform Penwest as soon as possible regarding any anticipated long-term or short-term supply problems.