Case of Vendor Managed Inventory Sample Clauses

The 'Case of Vendor Managed Inventory' clause defines the responsibilities and procedures when a vendor is tasked with managing the inventory levels of goods at the buyer's location. Under this arrangement, the vendor monitors stock levels, replenishes inventory as needed, and may use sales or usage data to determine restocking schedules. This clause typically applies to supply agreements where efficient inventory management is critical, such as in retail or manufacturing sectors. Its core function is to streamline supply chain operations, reduce stockouts or overstock situations, and clarify the division of inventory management duties between the parties.
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Case of Vendor Managed Inventory. The Delivery Performance measures Supplier’s compliance to keep the Contract Products stock within the agreed minimum and maximum inventory limits. Vitesco Technologies' IT-System calculates the min/max levels daily and checks the current stock for deviation with the agreed levels. Stock levels within the defined limits get a rating of 100%, deviations from the defined min/max limits leads to a proportional deduction up to 0%.
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