Inventory and Storage Clause Samples
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Inventory and Storage. Upon acceptance of the Cannabis by the Retailer, the Retailer shall record it into its inventory, and shall securely store the Cannabis at its sole cost, risk and expense, in accordance with the Regulations, the Retailer Directives and the Retailer’s Licence for the Location.
Inventory and Storage. 4.1 There will be approximately *** in storage.
4.1.1 Endo – ***
4.2 Total on-hand inventory planned at *** pallets.
4.3 Average product dimensions are: Pallets 40 in 48 in 52 in 4.4 Storage has been designed to include the following: Selective Rack – Storage Pallets ***
Inventory and Storage. 4.1 Total on-hand inventory planned at *** units.
4.2 There is an average of *** cartons per pallet.
4.3 There is an average of *** units per pallet.
4.4 Peak to average ratio is assumed to be ***.
4.5 Average inventory turns per year are ***:
4.5.1 Controlled products have an average of *** turns per year.
4.5.2 Non-Controlled products have an average of *** turns per year.
4.6 Storage has been designed to include the following for year five (5): Ambient *** *** *** DEA Vault *** *** DEA Cage *** *** Cooler (2-8 Celsius) *** *** Freezer *** *** Total *** *** ***
4.7 Pallet storage quantities stated above include the packaging materials pallet storage requirements.
4.8 Pallets cannot be double stacked on the floor.
4.9 Standard SCS cycle counting is included. Cycle counting will be performed based on Clients direction as outline in the work instructions.
4.10 Should Endo require a physical inventory, this service will be performed at ad-hoc staffing rates.
4.11 Endo will be responsible for managing the reorder points and direct replenishment of merchandise.
4.12 SCS will determine all storage and picking locations and configurations.
4.13 growth is anticipated.
Inventory and Storage. Distributor shall, at all times during the Term, maintain sufficient inventories of Products to meet its forecasted sales of each of the Products for at least the subsequent two months following the end of each month. All Products will be stored by Distributor in accordance with the Product requirements found in the package inserts for the Products.
Inventory and Storage. Distributor will only maintain that amount of inventory of Consigned Inventory specified by CoreLink from time to time. Distributor shall not use Consigned Inventory for any purpose other than as set forth in this Agreement. Distributor will track all withdrawals of Consigned Inventory. Distributor will cause Consigned Inventory to be placed in safe and secure storage at the Distributor's facility, separated from Distributor's other materials, equipment, and parts. Distributor shall be solely responsible for the care, maintenance and safekeeping of, and all costs of storing, handling, transporting, marketing and selling, the Consigned Inventory while in Distributor's possession or in the possession of any agent of Distributor. Distributor shall store and keep Consigned Inventory safely and securely in accordance with commercially reasonable practices and shall protect the Consigned Inventory from deterioration, destruction, loss and damage. Distributor shall rotate all Consigned Inventory on a first-in-first out basis and will not provide any Consigned Inventory to customers that have passed the indicated expiration date. All Consigned Inventory are deemed accepted by Distributor upon delivery to Distributor's facility. Prior to withdrawal of Consigned Inventory from Distributor's facility, Distributor shall at all times keep Consigned Inventory free from any liens, claims, encumbrances and interests of third parties. Distributor will also store all Products and Instruments returned by Customers to Distributor in accordance with this Section 3.4 prior to returning such items in its possession (if any) to CoreLink in accordance with Section 3.5.
Inventory and Storage. 4.1 There is an average of *** pallet.
4.2 There is an average of *** pallet.
4.3 Peak to average ratio is assumed to be ***.
4.4 Average inventory turns per year are ***:
4.4.1 Controlled products have an average of *** turns per year.
4.4.2 Non-Controlled products have an average of *** turns per year.
4.5 Storage has been designed to include the following for year five (5): Ambient *** *** *** DEA Vault *** *** DEA Cage *** *** Total *** *** ***
4.6 Pallet storage quantities stated above include the packaging materials pallet storage requirements.
4.7 Pallets cannot be double stacked on the floor.
4.8 Standard SCS cycle counting is included. Cycle counting will be performed based on Customers direction as outline in the work instructions.
4.9 Should Customer require a physical inventory, this service will be performed at ad-hoc staffing Fees.
4.10 Customer will be responsible for managing the reorder points and direct replenishment of merchandise.
4.11 SCS will determine all storage and picking locations and configurations.
4.12 growth is anticipated.
Inventory and Storage