Common use of Regular Reviews Clause in Contracts

Regular Reviews. Each Purchaser and the Supplier will attend regular formal reviews. The agenda will include (without limitation) a review of: (a) performance in last period, including comparing actual stock levels versus expected; (b) any pending supply problems and corrective actions; (c) forecasts and business outlook for coming periods; (d) stock levels, Stocking Policy, Safety Stock, Cumulative Lead Times, Delivery Times, Lead Times, Procurement Times, and Supply Times; (e) phase in and phase out intentions, End of Life Notices and any discontinuances under clause 15, and any other end of life matters under clause 17.1; (f) storage conditions; (g) the full package multiples; (h) discrete demand intentions; (i) Supplier’s compliance with clause 22; (j) quality standards and control procedures, and Supplier’s compliance with Specifications and quality standards and control procedures; (k) product cost projections for next twelve (12) months and cost down achievements secured to date (including engineering initiatives); (l) any change in control or ownership of Supplier; (m) Supplier’s compliance with the Best Procurement Practice; (n) the planning process and day to day relationship between the Supplier, Purchaser and Aristocrat’s representatives and personnel (as applicable); (o) minuted Contract Note variations; and (p) KPIs, and Supplier’s compliance with KPIs.