Excess Inventory
Excess Inventory. Shall mean those items of Inventory listed in the Specifications and ordered for NetScreen which, are in A-Plus' or its subcontractor's possession, whose quantity exceed NetScreen Purchase Order requirements, at a referenced date and/or termination.
Found in
NETSCREEN TECHNOLOGIES INC contract
Excess Inventory. Materials and components in Jabil inventory that are in excess of current Company demand that were reasonably purchased or are reasonably on non-cancelable, nonreturnable order by Jabil based on a Build Schedule Forecast, Build Schedule, or other written instruction by Company to Jabil, that exceed the next [***] days of Company's Build Schedule Forecast, Build Schedule, and any other written instruction by Company to Jabil. Inventory becomes "Excess Inventory" when total inventory turns fall...
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Found in
Gigamon Inc. contract