Manufacturing Forecast definition
Examples of Manufacturing Forecast in a sentence
Customer shall supply updates to the Manufacturing Forecast as follows: *****.
SM will use commercially reasonable efforts to minimize obsolescence of any Packaging Materials; provided, however, the costs of all Packaging Materials purchased by SM for use in NTC Products, whether stored at an SM location or at the supplier and which is based on the Manufacturing Forecast is the responsibility of NTC.
The Manufacturing Forecast is non-binding on either of the Parties and is used for planning purposes only, except that the initial Manufacturing Forecast and the minimum number of Batches set forth in Attachment A8 shall be binding on BVL.
Even if SM provides notice of a potential or regularly scheduled shut-down more than ninety (90) days before such shutdown, the Capacity Limits for the month(s) of such shutdown shall not be reduced and the amount of the NTC Products on the applicable Manufacturing Forecast shall still be met.
Such Manufacturing Forecast represents Customer’s good faith projection of its requirement of Product(s) from BVL through ****.
The Manufacturing Forecast will be used by SM as part of its material resource planning process, and, as such, NTC will be responsible for the costs of any materials, which are located in the Manufacturing Plant or on the floor at the supplier, that have been obtained by SM based on the Manufacturing Forecasts and used exclusively in the NTC Products.
Beginning [*] the anticipated commencement of Commercial Production (or such other date as agreed upon by the Parties in writing), each Product Manufacturing Forecast shall be binding for the first [*] of the next calendar quarter following such forecast, and non-binding for the remainder of the Term, as further described below.
Also for the avoidance of doubt, fifty percent (50%) of an odd number of batches will be rounded to the next highest even number for the purposes of reductions in the Manufacturing Forecast under this Section 2.2(c).
Manufacturer shall coordinate the manufacturing scheduling and material planning with regard to the Products to be manufactured with all necessary affiliates and subcontractors and shall manage the overall production plan and shipments thereunder in accordance with the Manufacturing Forecast provided by Customer in accordance with Section 6 hereof, and the Delivery Dates set forth in the Purchase Orders.
For the avoidance of doubt, the total number of batches for a quarter included in the non-binding portion of a Manufacturing Forecast cannot be reduced by more than fifty percent (50%) of such total number of batches initially forecast for such quarter when that quarter becomes part of the binding forecast.