Replenishment Inventory definition

Replenishment Inventory means Inventory that relates to a current customer program that will be in place for at least twelve (12) months after the Closing Date. The Replenishment Inventory as of December 6, 2010 is set forth on Section 1.1(d) of the Sellers’ Disclosure Schedule attached hereto. As of two (2) Business Days prior to the Closing Date, the Sellers shall update Section 1.1(d) of the Sellers’ Disclosure Schedule as of the close of business on the date which is four (4) Business Days prior to the Closing Date.
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Replenishment Inventory shall have the meaning given to such term in the Transition Services Agreement.
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Examples of Replenishment Inventory in a sentence

  • In effect, when existing facilities are sufficient to meet future demand no impact fee need be assessed.

  • Replenishment methods are as follows: (1) The Replenishment Inventory module in the CAIM application (Figure 6) provides methods to reduce inventory time and increase inventory accuracy.

  • SATIR, Joint Replenishment Inventory Control: Deterministic and Stochastic Models.

  • VENTURA, An Optimal Method for a Deterministic Joint Replenishment Inventory Policy in Discrete Time, Journal of the Operational Research Society, vol.

  • These include:  Sales order entry, point-of-sale and back order release  Issuing of stock to Work-in-Progress  Backflushing - by receipting a finished good into stock, the components are automatically depleted  Kanban to achieve having the items available Just In Time (JIT) Replenishment Inventory managers must determine the rules by which inventory will be replenished, so that the right inventory items are ordered, in the right quantity, at the right time, to the right destination.

  • This function is primarily used in conjunction with Replenishment Inventory, Physical Inventory, and Issues processes utilizing the HHT.

  • Prior to the First Inventory, Seller shall provide Buyer with a good faith estimate of the expected 340B Replenishment Inventory (the “340B Replenishment Inventory Report”) and a good faith estimate of the purchase price for the 340B Replenishment Inventory set forth in the 340B Replenishment Inventory Report.

  • Prior tothe First Inventory, Seller shall provide Buyer with a good faith estimate of the expected 340B Replenishment Inventory (the “ 340B Replenishment Inventory Report ”) and a good faith estimate of the purchase price for the 340B Replenishment Inventory set forth in the 340B Replenishment Inventory Report.

  • Obviously, the loss of the buildings will mean we have nowhere to house 200-odd cattle, something we have been trying to impress on HS2 from day one.

  • Customer Area Inventory Management Replenishment Inventory Module 22 7.

Related to Replenishment Inventory

  • Product Inventory means all inventory owned as of the Closing by Seller or any Affiliate thereof of finished Product that is in conformance with the Specifications and has an expiration date of October 1, 2016 or later, regardless of whether such inventory is held at a location or facility of Seller or any Affiliate (or of any other Person on behalf of Seller or any Affiliate, including in any of Seller’s warehouses, manufacturers, suppliers, distributors or consignees) or in transit to or from Seller or any Affiliate (or any such other Person).

  • Inventory is all “inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above.

  • Eligible Finished Goods Inventory means Eligible Inventory consisting of finished goods available for sale (as determined in a manner acceptable to the Administrative Agent in its Permitted Discretion and consistent with past practices).

  • Inventories means “Inventories” as defined in the Uniform System of Accounts, such as, but not limited to, provisions in storerooms, refrigerators, pantries and kitchens; beverages in wine cellars and bars; other merchandise intended for sale; fuel; mechanical supplies; stationery; and other expensed supplies and similar items.

  • Obsolete Inventory means items that have expired, are redundant or

  • In-Transit Inventory means Inventory of a Borrower which is in the possession of a common carrier and is in transit from a Foreign Vendor of a Borrower from a location outside of the continental United States to a location of a Borrower that is within the continental United States.

  • Eligible Inventory means and include Inventory of a Borrower, excluding work in process, valued at the lower of cost or market value, determined on a first-in-first-out basis, which is not, in Administrative Agent’s Permitted Discretion, obsolete, slow moving or unmerchantable and which Administrative Agent, in its Permitted Discretion, shall not deem ineligible Inventory, based on such considerations as Administrative Agent may from time to time deem appropriate including whether the Inventory is subject to a perfected, first priority security interest in favor of Administrative Agent and no other Lien (other than a Permitted Encumbrance). In addition, Inventory shall not be Eligible Inventory if it: (a) does not conform to all standards imposed by any Governmental Body which has regulatory authority over such goods or the use or sale thereof; (b) is Foreign In-Transit Inventory or in-transit within the United States; (c) is located outside the continental United States; (d) constitutes Consigned Inventory; (e) is the subject of an Intellectual Property Claim; (f) is subject to a License Agreement that limits, conditions or restricts the applicable Borrower’s or Administrative Agent’s right to sell or otherwise dispose of such Inventory, unless Administrative Agent is a party to a Licensor/Administrative Agent Agreement with the Licensor under such License Agreement (or Administrative Agent shall agree otherwise in its Permitted Discretion after establishing reserves against the Formula Amount with respect thereto as Administrative Agent shall deem appropriate in its sole discretion); (g) is situated at a location not owned by a Borrower unless the owner or occupier of such location has executed in favor of Administrative Agent a Lien Waiver Agreement (or Administrative Agent shall agree otherwise in its Permitted Discretion after establishing reserves against the Formula Amount with respect thereto as Administrative Agent shall deem appropriate in its Permitted Discretion); or (h) or if the sale of such Inventory would result in an ineligible Receivable.

  • Finished Goods means completed goods which require no additional processing or manufacturing to be sold to third party customers by the Loan Parties in the ordinary course of business.

  • Transferred Inventory shall have the meaning set forth in Section 1.1(c).

  • Excluded Inventory shall have the meaning set forth in Section 2.1(c).

  • Inventory Value means with respect to any Inventory of a Loan Party at the time of any determination thereof, the standard cost determined on a first in first out basis and carried on the general ledger or inventory system of such Loan Party stated on a basis consistent with its current and historical accounting practices, in Dollars, determined in accordance with the standard cost method of accounting less, without duplication, (i) any markup on Inventory from an Affiliate and (ii) in the event variances under the standard cost method are expensed, a Reserve reasonably determined by the Agent as appropriate in order to adjust the standard cost of Eligible Inventory to approximate actual cost.

  • Replenishment Amount has the meaning assigned to such term in Section 2.06(b).

  • Inventory Formula Amount means, with respect to any item of Eligible Inventory and at any time of determination, the lesser of (a) 65% of the lower of cost and market of such Inventory and (b) 85% of the Net Orderly Liquidation Value of such Inventory.

  • Inventory Appraisal means (a) on the Closing Date, the appraisal prepared by Great American Group dated June 2007 and (b) thereafter, the most recent inventory appraisal conducted by an independent appraisal firm pursuant to Section 9.2(b).

  • SKU means stock-keeping unit.

  • Eligible In-Transit Inventory means, as of any date of determination thereof, without duplication of other Eligible Inventory, In-Transit Inventory:

  • Inventory Tracking System means the required tracking

  • Inventory Reserve means reserves established by the Administrative Agent to reflect factors that may negatively impact the Value of Inventory, including change in salability, obsolescence, seasonality, theft, shrinkage, imbalance, change in composition or mix, markdowns and vendor chargebacks.

  • Inventory Advance Rate shall have the meaning set forth in Section 2.1(a)(y)(ii) hereof.

  • Inventory Reserves means such reserves as may be established from time to time by the Agent in its Permitted Discretion with respect to the determination of the saleability, at retail, of the Eligible Inventory, which reflect such other factors as affect the market value of the Eligible Inventory or which reflect claims and liabilities that the Agent determines will need to be satisfied in connection with the realization upon the Inventory. Without limiting the generality of the foregoing, Inventory Reserves may, in the Agent’s Permitted Discretion, include (but are not limited to) reserves based on:

  • Inventory control system means a system described in Section 4-41a-103.

  • Consigned Inventory means Inventory of any Borrower that is in the possession of another Person on a consignment, sale or return, or other basis that does not constitute a final sale and acceptance of such Inventory.

  • gross tonnage means the gross tonnage calculated in accordance with the tonnage measurement regulations contained in Annex I to the International Convention on Tonnage Measurement of Ships, 1969 or any successor Convention.

  • Spare Parts has the meaning assigned to such term in the Pledge and Security Agreement.

  • Unsaleable liquor merchandise means a container that:

  • Port Cargo Handling Equipment means rubber-tired gantry cranes, straddle carriers, shuttle carriers, and terminal tractors, including yard hostlers and yard tractors that operate within ports.