Common use of Cost Management Clause in Contracts

Cost Management. ▇▇▇▇▇ desires to do business with strategic partners that provide the best overall value. That value is defined as the highest valued products at the lowest evaluated cost. Proper management of total cost throughout the supply chain is critical to ▇▇▇▇▇ and our CI initiatives. Total cost reduction is considered an integral part of the long term success of ▇▇▇▇▇ and its suppliers and is now incorporated as a component of ▇▇▇▇▇’▇ assessment of Supplier performance. From time to time, the supplier may be required to provide full-cost disclosure to ▇▇▇▇▇. Supplier agrees to support this request and any information shared with ▇▇▇▇▇ will be kept in strictest confidence.