Standing forecast Clause Samples
A standing forecast clause establishes an ongoing estimate or projection of future requirements, typically for goods or services, over a specified period. In practice, this clause allows one party to provide regular forecasts—such as monthly or quarterly estimates—to the other party, which can be used for planning production, inventory, or resource allocation. The core function of this clause is to facilitate efficient supply chain management and ensure that both parties can anticipate and prepare for future needs, thereby reducing the risk of shortages or overproduction.
Standing forecast. User may nominate a standing forecast in respect of any of the periods described in clause 7.1, which will apply at all times unless varied by Notice from User to ADEWAP.