Purchase Orders and Forecasts Sample Clauses
The 'Purchase Orders and Forecasts' clause defines how a buyer communicates its anticipated needs and specific orders to a supplier. Typically, this clause outlines the process for submitting forecasts of future demand and the formal placement of purchase orders, including required lead times, order quantities, and any binding or non-binding aspects of forecasts. Its core function is to ensure both parties have a clear understanding of expected supply requirements, enabling better planning, inventory management, and reducing the risk of supply shortages or overproduction.
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Purchase Orders and Forecasts a. Purchaser will provide to Manufacturer firm purchase orders for a minimum of sixty (60) days in advance of delivery of Products. Further, Purchaser will maintain a six month non-binding forecast by month of planned purchases of Products and will issue revisions of that forecast to Manufacturer monthly. Manufacturer will purchase materials per purchase order and forecast based on lead-time and inventory-class buy policy. Purchaser is responsible for material purchased upon Purchaser's purchase order or, with Purchaser's pre-approval, purchased upon Purchaser's non-binding forecast, in case of Purchaser requested schedule reductions or cancellations, but only for items that cannot be rescheduled or cancelled. Purchaser will maintain a minimum of sixty (60) days of Products on order at all times. Each purchase order shall become effective upon acceptance of the order by Manufacturer.
b. Purchaser may reschedule deliveries on Products under purchase orders in accordance with the following schedule: Number of days prior to the original schedule Maximum percentage of the Product quantity by which the delivery date that written notice of a change the scheduled delivery can be decreased or rescheduled OR rescheduling is received by Solectron. for later delivery without incurring cancellation charges. 00 - 60 DAYS 0% can be rescheduled. Total volume is firm. Mix changes are acceptable with thirty (30) calendar days prior written notice. Purchaser remains fully liable for all material. 61 - 90 DAYS 25% of total volume can be rescheduled, one time per purchase order, only, for a maximum reschedule of sixty (60) days from the original delivery date acknowledged by Manufacturer. Purchaser will be responsible for a one percent per month carrying charge on Manufacturer's cost of the material acquired pursuant to the original delivery date that cannot be rescheduled or cancelled. 91 - 120 DAYS 50% of total volume can be rescheduled. Purchaser will be responsible for a one percent per month carrying charge on Manufacturer's cost of the material acquired pursuant to the original delivery date that cannot be rescheduled or cancelled. 120 + DAYS 100% of total volume can be rescheduled. If a Purchaser requested reschedule represents an acceleration or increase, Manufacturer shall use commercially reasonable efforts to meet Purchaser's request. Purchaser shall be responsible for the costs reasonably and directly incurred by Manufacturer to meet Purchaser's request, subject t...
Purchase Orders and Forecasts. Company shall provide to Pacira, on a [**] basis (or on a [**] basis, if the Committee so determines) throughout that portion of the Term that begins on the Commencement Date, forecasts of units of Product estimated to be required by Company during the upcoming twelve (12) month period. The first [**] ([**]) months of each forecast specifying Company’s requirements shall serve as a firm commitment for quantities of Product (for the PACIRA & EKR CONFIDENTIAL [**]) and shall be deemed to be a “Purchase Order” for the purposes of this Agreement, and the remaining [**] ([**]) months of each forecast shall be a non-binding estimate of requirements for such period. In each Purchase Order, Company shall specify the desired Delivery Date(s) for Product to be supplied during the [**] ([**]) month period covered by such Purchase Order. Pacira shall provide Company with a written acknowledgement of each Purchase Order from Company within five (5) days of receipt of the Purchase Order from Company as set forth in Section 4.5 below.
Purchase Orders and Forecasts. 14.1 Mentor shall, not later than ninety (90) days before the commencement of each Domestic Contract Year and each International Contract Year thereafter, provide Lifecore with (a) a firm purchase order setting forth its Domestic or International, as the case may be, annual purchase obligations with respect to the Product of that year ("Firm Annual Orders"), and (b) Mentor's reasonable best estimate of the quantity and delivery dates desired for shipment of the Firm Annual Orders (the "Delivery Estimate"). At the time of the Firm Annual Order and not later than ninety (90) days prior to the start of the second, third, and fourth quarters of each year, Mentor shall provide Lifecore with a firm delivery schedule specifying the quantity and requested dates for shipments under the Firm Annual Order for that quarter (the "Firm Delivery Schedule"). Unless waived by Lifecore, the Firm Delivery Schedule for a quarter shall not be less than eighty percent (80%) of the Delivery Estimate for that quarter. Except as otherwise agreed in writing by Lifecore, a Firm Annual Order may not be canceled in whole or in part after it has been received by Lifecore. A Firm Delivery Schedule may be amended only upon the written consent of both Mentor and Lifecore.
14.2 Mentor may submit supplemental purchase orders for Mentor's additional requirements of Product throughout the term of this Agreement. No such supplemental order will be binding upon Lifecore until accepted in writing by Lifecore, provided that Lifecore shall give such orders high priority. Except as otherwise agreed in writing by Lifecore, a supplemental order may not be canceled by Mentor after it has been received by Lifecore. A supplemental purchase order may state a Firm Delivery Schedule, as long as the order is received by Lifecore at least ninety (90) days prior to the start of the quarter during which the supplemental shipment is requested.
14.3 All sales of the Product by Lifecore to Mentor hereunder shall be subject to the provisions of this Agreement and shall not be subject to the terms and conditions contained in any purchase order of Mentor or confirmation of Lifecore, except insofar as any such purchase order or confirmation establishes (a) the quantity of the Product sold or (b) the shipment date of the Product in conformity with the provisions of this Agreement.
Purchase Orders and Forecasts. Within ten (10) days following the execution of this Agreement, Distributor shall provide Supplier with an initial six (6) months firm purchase order for the purchase of Products and a forecast of its Product requirements for the seventh (7th) through twelfth (12th) months thereafter divided on a monthly basis. Commencing with the fourth (4th) month of the first Contract Year and continuing thereafter, Distributor will provide Supplier, on or before the last day of each calendar month during the term of this Agreement, an additional firm purchase for Products for the third full calendar month thereafter and a revised or supplemental forecast of Product requirements for the fourth (4th) through ninth (9th) months thereafter (unless the term hereof is shorter), it being the intent that (except for the initial six months guaranteed purchase order) in general Distributor will provide three (3) months purchase orders and six (6) months forecasts on a rolling monthly basis during the term of this Agreement. Distributor’s purchase orders for a given month, in order to be conforming, must specify only delivery dates during that month. Distributor’s forecasts are non-binding, but shall be Distributor’s reasonable best estimate of its future Product requirements.
Purchase Orders and Forecasts. Solution is delivered based on F.O.B. term, that Company must deliver the products to the loading port. Company cannot adjust the price of the product at any time during the first 3 years of the agreement. Company shall have the right, in its sole discretion, to change such prices with one hundred eighty (180) days' written notice before the execution of the updated prices for the 4th and 5th year of the agreement. New prices will apply to all shipments made after such notice period. If there are unavoidable circumstances that the price must be adjusted, then both parties can negotiate and decide on the price issue. In addition, Distributor will pay all charges, including without limitation transportation charges and insurance premiums and shall be responsible for all taxes, duties and other governmental assessments (this includes, without limitation, sales taxes, unless Distributor provides appropriate resale certificates).
Purchase Orders and Forecasts. 2 3.1 Exclusion............................................... 2 3.2 Forecasts............................................... 2 3.3 Purchase orders......................................... 2 3.4 Adds, Reschedules, Cancellations........................ 2 3.5 Liabilities............................................. 2
Purchase Orders and Forecasts. Within sixty (60) days following the execution of this Agreement, Distributor shall provide Supplier with an initial firm purchase order for the purchase of Products during the first quarter of the Contract Year, and a forecast of its Product requirements for the second quarter of the Contract Year. Continuing thereafter, Distributor will provide Supplier, on or before the last day of each quarter of the Contract Year, an additional firm purchase order for Products for that quarter and a revised or supplemental forecast of Product requirements for
Purchase Orders and Forecasts. Medtronic agrees to provide MedAmicus a non-binding twelve (12) month rolling forecast, or Procurement Requirement Plan, of Medtronic's reasonably expected monthly order volume for each of the Products, with the exception of the MedAmicus VIP+, for the forthcoming year. Medtronic agrees to update the forecast monthly. All purchases of the Products will be initiated pursuant to Medtronic purchase orders, which are subject to acceptance by MedAmicus. Products will be ordered via standard Medtronic purchase orders, which may be submitted via mail, fax or, if mutually agreed by the parties, electronic data interchange (EDI). MedAmicus will promptly acknowledge receipt of orders. Orders will be deemed accepted upon receipt, unless MedAmicus provides notice of rejection within five (5) business days. In order of priority, the terms of any order will be defined by the terms of (a) this Agreement and (b) the typed portions of Medtronic's purchase order, (c) the typed portions of MedAmicus' acceptance, (d) the printed terms of Medtronic's order, and (e) the printed terms of MedAmicus' acknowledgement. Medtronic will place orders at least forty-five (45) days prior to the scheduled delivery date. Medtronic may reschedule delivery dates within a purchase order if mutually agreed upon by MedAmicus. Medtronic shall have the right upon reasonable notice to MedAmicus to increase by purchase order its requirements for Product in whatever quantity is reasonably necessary to meet both Medtronic's current and future requirements, provided however that any increase or decrease in excess of fifty percent (50%) of any Product ordered by Medtronic over that purchase in the preceding six months shall require a minimum sixty (60) day notice.
Purchase Orders and Forecasts a. Purchases and sales between the parties hereto under the Agreement shall be affected by the placement of Purchase Orders (P/Os) by Vodavi and of acceptance thereof by LGE. Vodavi shall issue the P/Os ninety (90) days prior to Vodavi’s requested on-board date by e-mail transmission addressed to LGE. Notice of acceptance of any P/O or rejection of items for any reason shall be sent to Vodavi within fourteen (14) days after the receipt by LGE of the P/O. LGE will acknowledge the on-board date to Vodavi within fourteen (14) days after the receipt of the P/O by LGE. If LGE fails to acknowledge any P/O within fourteen (14) days after the receipt of such order, then the requested on-board date shall be the acknowledged on-board date.
b. Except to the extent that other terms and conditions are agreed to in writing signed by both parties and specifically stating that such other terms and conditions shall apply in lieu of or in addition to the terms and conditions provided for herein, and notwithstanding anything to the contrary provided in Vodavi’s Order or in LGE acknowledgement thereof, each Order from Vodavi shall be subject only to the terms and conditions set forth in this Agreement.
c. Vodavi shall release P/Os and a MRP reflecting the forecast to LGE within the first week of each month.
Purchase Orders and Forecasts. 10.1 During the term of this Agreement, Nevro shall issue quarterly Purchase Order(s) by the last day of each calendar quarter for Shipment Dates in the quarter two quarters in the future. By way of example, on or before December 31st Purchase Orders will be issued for Shipment Dates in the third quarter starting July 1st. Each successive quarter, Purchase Orders shall be issued for an additional quarter. The terms and conditions of this Agreement shall supersede printed terms on any Purchase Order, quotation, acknowledgement, confirmation or invoice.
10.2 CCC shall provide written Purchase Order acceptance within [***] business days of receipt of the Purchase Order.
10.3 Nevro will pay a deposit for [***] of the amount set forth in Exhibit E as CCC BOM plus the LOP for a Product times the quantity ordered on the Purchase Order to CCC as a down payment deposit to be applied against the invoice issued upon shipment of the Product to Nevro. When CCC purchases Components as set forth in Exhibit E as BOM Nevro, Nevro will pay as a deposit [***] to be applied against the invoice issued upon shipment of the Product to Nevro.
10.4 Nevro shall issue quarterly rolling monthly forecast by the last day of each calendar quarter for the 3 quarters immediately following the Purchase Order coverage period. The forecast quantities for the last two quarters of the forecast are non-binding. When a Purchase order is issued for the first quarter of the forecast, CCC will accept such Purchase Order provided that the quantities ordered may not vary up or down from such forecast quantity by more than [***] unless otherwise agreed by the Parties.