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Vendor Managed Inventory Agreement
"Need a Vendor Managed Inventory Agreement for our Singapore electronics manufacturing facility, where the supplier will manage semiconductor components inventory and maintain minimum stock levels, with integration requirements for our SAP system and monthly performance reporting."
1. Parties: Identification and details of the vendor and customer
2. Background: Context and purpose of the VMI arrangement
3. Definitions: Key terms used throughout the agreement including relevant legislation references
4. Scope of Services: Detailed description of VMI services to be provided
5. Inventory Management: Procedures for managing inventory levels and replenishment
6. Risk and Title: Transfer of ownership and risk provisions in accordance with Sale of Goods Act
7. Payment Terms: Pricing, invoicing, and payment conditions including GST provisions
8. Data Protection: Compliance with PDPA and data security requirements
9. Term and Termination: Duration and termination provisions
10. Governing Law and Jurisdiction: Singapore law as governing law and jurisdiction provisions
1. Technology Integration: Provisions for digital inventory management systems and cybersecurity compliance
2. International Trade Compliance: Provisions for cross-border transactions and customs requirements
3. Specialized Storage Requirements: Special storage and handling requirements for specific product types
4. Competition Compliance: Provisions ensuring compliance with Competition Act requirements
1. Schedule 1 - Product List: Detailed list of products covered under VMI arrangement
2. Schedule 2 - Service Level Agreement: Performance metrics, KPIs and operational requirements
3. Schedule 3 - Pricing Schedule: Detailed pricing structure and calculations
4. Schedule 4 - Operating Procedures: Step-by-step procedures for inventory management and reporting
5. Schedule 5 - System Requirements: Technical specifications for inventory management systems if applicable
6. Schedule 6 - Compliance Requirements: List of applicable regulations and compliance requirements
Authors
Applicable Laws
Business Day
Confidential Information
Consignment Stock
Delivery Location
Effective Date
Force Majeure Event
Inventory
Inventory Data
Inventory Management System
Maximum Inventory Level
Minimum Inventory Level
Order
Products
Purchase Price
Reorder Point
Safety Stock Level
Services
Service Levels
Specifications
Storage Location
Term
Territory
Usage Data
Vendor Personnel
VMI Program
Warehouse
Working Hours
Appointment
Scope of Services
Term and Termination
Inventory Management
Title and Risk
Delivery
Storage and Warehousing
Quality Control
Service Levels
Performance Metrics
Pricing and Payment
Technology and Systems
Data Management
Confidentiality
Intellectual Property
Warranties
Liability and Indemnification
Insurance
Force Majeure
Audit Rights
Compliance with Laws
Health and Safety
Personnel
Subcontracting
Dispute Resolution
Governing Law
Assignment
Notices
Entire Agreement
Variation
Severability
Business Continuity
Data Protection
Anti-Corruption
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