Framework Stock Level definition
Framework Stock Level means an equivalent of [8 weeks'] anticipated stock for that Good for that Supplier Lot, in addition to the anticipated stock necessary to fulfil Orders, which must be held within the United Kingdom, which is to be calculated as follows (or as otherwise notified in writing by the Authority). The applicable Contract Stock Level for each calendar month shall be determined on the last Working Day of the previous calendar month and shall be calculated by reference to the quantity of the Goods supplied by the Supplier to Participating Authorities pursuant to this Framework Agreement during the eight (8) weeks immediately prior to the commencement of the relevant calendar month.
Framework Stock Level means an equivalent of eight (8) weeks anticipated stock for that Good for that Supplier Lot, in addition to the anticipated stock necessary to fulfil Orders, which must be held within the United Kingdom, which is to be calculated as follows (or as otherwise notified in writing by the Authority) –
Framework Stock Level shall be as set out in the Award Schedule for the relevant Good(s)
More Definitions of Framework Stock Level
Framework Stock Level shall be as set out in the Award Schedule for the relevant Good(s) based on an equivalent of 8 weeks anticipated stock for that Good for that Supplier Lot based on average sales under this Framework Agreement.