Supplies Inventory Clause Samples
The Supplies Inventory clause establishes the requirements and procedures for maintaining, tracking, and managing the inventory of supplies necessary for a project or ongoing operations. It typically outlines responsibilities for monitoring stock levels, conducting regular inventory checks, and reporting shortages or discrepancies. By clearly defining these processes, the clause helps ensure that essential materials are available when needed, minimizes the risk of project delays due to supply shortages, and promotes accountability in inventory management.
Supplies Inventory. The normal operating level will be maintained and shall be valued at Company’s book value at Closing.
Supplies Inventory. The normal operating level of supplies will be maintained and shall be valued at Seller’s cost.
Supplies Inventory. The normal operating level of Supplies Inventory (excluding Car Wash Supplies Inventory) will be maintained by Company at all times prior to the Closing Date and shall be valued at $1,500 for each Location.
Supplies Inventory. The supplies inventory described in Section 1.2(g) is and will be of a quality, quantity and mix consistent with Printronic's past business practices.