Common use of Inventory Levels and Tracking Requirements Clause in Contracts

Inventory Levels and Tracking Requirements. Unless otherwise designated in Attachment 1 or a separate written agreement, Supplier will maintain the “Target Inventory” quantity, if any, of each [*] as specified by Applied from time to time. All [*] manufactured by Supplier to meet a then-current Target Inventory quantity shall be considered [*] under this Agreement. When Supplier is creating inventory levels to satisfy required Target Inventory levels of [*], any reduction in quantity of [*] that were ordered pursuant to an Authorized Demand Signal, or any quantity of Items ordered pursuant to an Authorized Demand Signal that is later cancelled by Applied, shall be returned to Supplier’s inventory and Supplier will increase its inventory levels accordingly. Supplier shall monitor and report its work-in-process and [*] count to Applied for all [*].

Inventory Levels and Tracking Requirements. Unless otherwise designated in Attachment 1 or a separate written agreement, Supplier will maintain the “Target Inventory” quantity[*], if any, of each [*] as specified by Applied from time to time. All [*] manufactured by Supplier to meet a then-current Target Inventory quantity [*] shall be considered [*] under this Agreement. When Supplier is creating inventory levels to satisfy required Target Inventory levels [*] of [*], any reduction in quantity of [*] that were ordered pursuant to an Authorized Demand Signal, or any quantity of Items ordered pursuant to an Authorized Demand Signal that is later cancelled by Applied, shall be returned to Supplier’s inventory and Supplier will increase its inventory levels accordingly. Supplier shall monitor and report its work-in-process and [*] count to Applied for all [*].