Common use of Materials Procurement Clause in Contracts

Materials Procurement. (a) Manufacturer will purchase Materials as necessary to manufacture Products pursuant to Orders and will use standard and commercially prudent purchasing practices, including but not limited to: economic order quantities, attention to competitive pricing, consideration of supplier minimum quantities, and long-lead-time component management. (b) Manufacturer will promptly identify and advise Mikrocoze of any foreseeable Material shortages that could impact Product delivery schedules, and will use its best reasonable efforts to identify a suitable remedy.