Ordering and Forecasting Sample Clauses
The ORDERING AND FORECASTING clause establishes the procedures and requirements for placing orders and predicting future demand for goods or services under the contract. Typically, it outlines how and when orders must be submitted, the format or system to be used, and may require the buyer to provide periodic forecasts of anticipated needs. This clause helps both parties plan production, manage inventory, and coordinate supply chain activities, ultimately reducing the risk of shortages or overstock and ensuring smoother business operations.
Ordering and Forecasting. For planning purposes, Buyer will place purchase orders for each the following month within ten (10) working days of the month for which the orders are placed and provide a non-binding forecast for the following two (2) months. Upon termination of this Contract for any reason, Buyer will be obligated to purchase inventory Seller has built on Buyer’s behalf according to this forecast.
Ordering and Forecasting a) At least five days prior to the 1st day of each Forecast Period Dialog will provide a rolling forecast ("the Forecast") of its delivery requirements for Wafers for the 12 months commencing on the first day of the said Forecast Period. Dialog will use all reasonable endeavours to ensure that its Wafer requirements are spread evenly throughout the year, though this cannot be guaranteed. The forecasting principle will be as follows: *
b) At the same time as issuing its first Forecast, Dialog shall place orders with ESM for the Wafers detailed in months 1 to 4 of such Forecast. Upon issuing each subsequent Forecast, Dialog shall place orders with ESM for the Wafers detailed in month 4 of such Forecast.
c) Orders placed by Dialog as referred to above shall be accepted by ESM within 3 working days of receipt (and shall then be binding) in so far as:
i) they are within the scope of the most recent forecast for the fourth calendar month of such forecast; and
ii) the total Guaranteed Capacity for Wafers to be delivered in any particular Forecast Period has not been exceeded.
d) Any orders placed by Dialog above the amounts specified in c)(i) and (ii) shall be subject to acceptance by ESM, which it may in its direction withhold. ESM shall communicate its acceptance or rejection of such orders within 5 working days of receipt. Orders accepted by ESM in accordance with this clause 4(d) shall be binding on the parties.
Ordering and Forecasting. 5.1 For any period following the Effective Date during which the demand management process under the Transitional Services Agreement continues to be in force, Prestige shall order its requirements for Products solely by way of such demand management process, and thereafter, on or before the first day of each month during the Term, Prestige shall (and shall procure that its relevant Affiliates will) provide the Supplier (or its nominated Affiliates) with, or with access to, a rolling forecast schedule of monthly demand for the Products for at least the following [***] (or where there remains less than [***] until the End Date, for the period of the unexpired Term) (a “Forecast Schedule”).
5.2 The Forecast Schedule shall specify such volumes of Products that Prestige and/or its Affiliates require as purchaser orders and Prestige shall (and/or shall procure that its Affiliates will) place corresponding purchase orders (each such purchase order being a “Firm Order”). Firm Orders shall set out the quantity of Product required, the date for Delivery and location for Delivery (the “Delivery Point”). All Firm Orders shall be delivered to the Supplier (or its nominated Affiliates) via the Global Electronic Trading Platform. The Supplier shall (and shall procure that its nominated Affiliates will) work with Prestige (or its nominated Affiliates) to ensure that Prestige and its Affiliates are able to submit purchase orders via such Global Electronic Trading Platform within thirty (30) days following the date of this Agreement.
5.3 The Supplier shall (and shall procure that its nominated Affiliate will) keep Prestige informed of the standard lead time for the Manufacture of each Product, which shall not exceed the respective standard lead times applicable for that Product from the Manufacturing Site prior to the Effective Date) and the date for Delivery specified in a Firm Order for a Product shall not be sooner than the end of the period of the applicable lead time.
5.4 The Supplier shall (and shall procure that its nominated Affiliate will) respond via the Global Electronic Trading Platform (as applicable pursuant to Clause 5.2) to each Firm Order received from Prestige (or its Affiliates) within forty eight (48) hours of such receipt. The response shall include confirmation of the quantity of Product, date for Delivery and Delivery Point as set out in the relevant Firm Order.
5.5 Upon receipt by Prestige (or its relevant Affiliates) of the Supplier’s confirmation p...
Ordering and Forecasting