Ordering and Rolling Forecasts Sample Clauses
The "Ordering and Rolling Forecasts" clause establishes the procedures and requirements for how a buyer will communicate its anticipated product or service needs to the supplier over a set period. Typically, this clause requires the buyer to provide regular, updated forecasts of expected orders—such as monthly or quarterly projections—which may be binding or non-binding for certain periods. By setting out these expectations, the clause helps both parties plan production, manage inventory, and allocate resources efficiently, thereby reducing the risk of supply shortages or overstocking.
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Ordering and Rolling Forecasts. A. Ordering Through Submittal of Rolling Forecast. At least (90) days before the last day of each calendar year throughout the term of this Agreement, AHC, shall submit to BLP a non binding forecast of its requirements for the products for that year. Subject to BLP's acceptance, AHC agrees to order from BLP both "Minimum Annual Quantity" and "Minimum Quarterly Quantity" of units of Product(s) as described in Appendix B, which is attached hereto and incorporated herein by reference for a period commencing each January 1st, and ending December 31st. Should the volumes fall below minimum quantities, customer will be invoiced for the difference between the outlined prices and the adjusted prices as noted in Appendix B. Order quantities should be submitted in ftill batch size, understanding that there may be a small yield gainiloss during manufacturing processing, (Full batch sizes and the theoretical unit yield is specified on Appendix C). AEC will provide BLP with a twelve month rolling forecast of its Product(s) requirements, by month, delivered to BLP by the first day of each calendar quarter. The first three months of each twelve month rolling forecast shall be binding on AHC and shall be for no less than the minimum quarterly quantities as described on Appendix B, and shall constitute a firm purchase order for the Product(s) indicated for such months. AHC shall also issue individual purchase orders for such firm three month orders by the first day of each calendar quarter. AHC's initial twelve month rolling forecast shall be provided within 30 days of the date of this Agreement.
Ordering and Rolling Forecasts