SLIDE 5 5
THE NEW DYNAMICS OF CUSTOMER DEDUCTIONS
#2 REVIEW SUPPLIER AGREEMENTS
Acceptance of Terms.
“ BY ACCEPTING A XXXXX PURCHASE ORDER OR BY
SHIPPING PRODUCTS IN RESPONSE TO A XXXXX
PURCHASE ORDER, VENDOR
AGREES THAT XXXXX IS NOT BOUND BY ANY OTHER TERM OR CONDITION OF VENDOR IN ANY WRITTEN ACKNOWLEDGMENT, INVOICE OR OTHERWISE, THAT IS INCONSISTENT WITH OR IN ADDITION TO THE TERMS AND CONDITIONS HEREOF. ”
“ BY CLICKING THE ‘I AGREE’ BUTTON LOCATED
BELOW… YOU AGREE THAT YOU HAVE READ AND UNDERSTAND AND AGREE TO BE BOUND BY ALL TERMS AND CONDITIONS OF THIS AGREEMENT (INCLUDING THE
STANDARDS) WITHOUT
CHANGE, AS THE STANDARDS MAY BE UPDATED FROM TIME TO TIME IN ACCORDANCE WITH THIS AGREEMENT. ”
“FROM TIME TO TIME, COMPANY
MAY ALTER, AMEND, OR CREATE BUSINESS PROGRAMS, PROCESSES, DIRECTIVES AND POLICIES. WHEN IT DOES, COMPANY MAY PROVIDE NOTICE TO SUPPLIER OF SUCH CHANGES VIA ITS PORTAL SYSTEM, ITS CORPORATE WEBSITE…AFTER RECEIVING SUCH NOTICE(S),
SUPPLIER'S ACCEPTANCE OF ORDERS WILL SERVE AS
CONFIRMATION OF ITS ACCEPTANCE OF COMPANY'S NEW BUSINESS PROGRAMS, PROCESSES, DIRECTIVES AND POLICIES”
THE NEW DYNAMICS OF CUSTOMER DEDUCTIONS
#2 REVIEW SUPPLIER AGREEMENTS
Billing Disputes.
“THE DEADLINE FOR INQUIRIES REGARDING ADVICE
MESSAGES IS NINETY (90) DAYS FOLLOWING
- ISSUANCE. VENDOR MUST KEEP FULL AND DETAILED
ACCOUNTS FOR A PERIOD OF NOT LESS THAN FIVE
(5) YEARS… XXXXX RESERVES THE RIGHT TO
AUDIT UP TO FIVE (5) YEARS OF VENDOR’S BOOKS AND RECORDS AT ANY TIME WITH RESPECT TO
VENDOR’S CHARGES, POLICIES, PROCEDURES AND
TRANSACTIONS WITH XXXXX. ANY RESULTING CLAIMS WILL BE IMMEDIATELY DEDUCTED WITH OR WITHOUT PRIOR VENDOR APPROVAL OR NOTICE.”
