All Countries
Procurement
Supplier Managed Inventory Agreement

Supplier Managed Inventory Agreement Template for Philippines

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Supplier Managed Inventory Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Supplier Managed Inventory Agreement

"I need a Supplier Managed Inventory Agreement for a pharmaceutical manufacturing company in Manila, where the supplier will manage raw materials inventory using their proprietary software system, starting March 2025; must include data privacy provisions and GMP compliance requirements."

Celebrated by
Collaborations with
Investors
Document background
The Supplier Managed Inventory Agreement is designed for business relationships where a supplier takes responsibility for maintaining and managing inventory at their customer's location in the Philippines. This arrangement is particularly valuable for businesses seeking to optimize their supply chain efficiency and reduce inventory management costs. The document comprehensively addresses inventory ownership, risk allocation, performance metrics, and operational procedures, ensuring compliance with Philippine commercial law, consumer protection regulations, and data privacy requirements. It's commonly used in industries with regular, predictable inventory needs where the supplier can better forecast and manage stock levels. The agreement typically includes detailed schedules for operational procedures, service levels, and technical specifications, making it suitable for both straightforward and complex supply chain arrangements.
Suggested Sections

1. Parties: Identification of the supplier and customer, including their legal names, addresses, and registration details

2. Background: Context of the agreement, existing relationship between parties, and purpose of implementing the SMI arrangement

3. Definitions: Detailed definitions of technical terms, operational concepts, and key phrases used throughout the agreement

4. Scope of Services: Detailed description of the SMI services, including inventory management responsibilities and geographical coverage

5. Ownership and Risk: Clarification of inventory ownership, transfer of title, and risk allocation between parties

6. Operational Procedures: Day-to-day management processes, including ordering, restocking, monitoring, and reporting

7. Performance Metrics: Key performance indicators, service levels, and measurement methodologies

8. Pricing and Payment: Pricing structure, payment terms, and invoicing procedures

9. Information Technology and Data Sharing: Requirements for IT systems, data exchange protocols, and confidentiality obligations

10. Term and Termination: Duration of agreement, renewal options, and termination rights

11. Liability and Indemnification: Allocation of liabilities, indemnification obligations, and insurance requirements

12. Force Majeure: Provisions for unforeseen circumstances affecting performance

13. Dispute Resolution: Procedures for resolving disputes, including jurisdiction and governing law

14. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment rights

Optional Sections

1. Transition Services: Procedures for implementing the SMI system and transitioning from existing inventory management arrangements

2. Consignment Stock Provisions: Special terms for cases where inventory remains supplier-owned until used/sold

3. Quality Control: Specific quality assurance procedures and standards, if not covered in schedules

4. Environmental Compliance: Special provisions for environmentally sensitive products or industries

5. Import/Export Provisions: Additional terms for international supply arrangements

6. Intellectual Property Rights: Provisions regarding IP rights in custom inventory management solutions or branded products

7. Business Continuity: Specific provisions for ensuring continuous supply in crisis situations

8. Data Privacy Compliance: Detailed provisions for compliance with Philippine Data Privacy Act when significant data sharing is involved

Suggested Schedules

1. Schedule 1 - Products and Pricing: Detailed list of products covered under the agreement with pricing structures

2. Schedule 2 - Service Level Requirements: Detailed performance metrics, targets, and measurement methodologies

3. Schedule 3 - Operational Procedures Manual: Detailed procedures for inventory management, including minimum/maximum levels, ordering processes

4. Schedule 4 - IT Systems and Interfaces: Technical specifications for IT systems, integration requirements, and data exchange protocols

5. Schedule 5 - Reporting Requirements: Templates and specifications for regular reporting and monitoring

6. Schedule 6 - Contact Details and Escalation Matrix: Key personnel contact information and issue escalation procedures

7. Schedule 7 - Storage and Handling Requirements: Specific requirements for product storage, handling, and maintenance

8. Appendix A - Insurance Requirements: Detailed insurance coverage requirements and minimum limits

9. Appendix B - Quality Standards: Product quality standards and testing procedures

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Applicable Laws
Business Day
Confidential Information
Consignment Stock
Customer
Customer Location
Delivery Point
Effective Date
Force Majeure Event
Inventory
Inventory Management System
Inventory Reports
Key Performance Indicators
Maximum Stock Level
Minimum Stock Level
Order
Products
Purchase Price
Reorder Point
Safety Stock
Service Levels
Specifications
Storage Area
Supplier
Supplier Personnel
System Interface
Term
Territory
Title Transfer Point
Usage Data
VAT
Warehouse
Working Hours
Clauses
Definitions
Appointment
Term and Termination
Supplier Obligations
Customer Obligations
Inventory Management
Title and Risk
Price and Payment
Service Levels
Quality Control
Information Technology
Data Protection
Confidentiality
Intellectual Property
Liability and Indemnification
Insurance
Force Majeure
Audit Rights
Compliance with Laws
Anti-Corruption
Health and Safety
Environmental Compliance
Records and Reporting
Personnel
Subcontracting
Assignment
Change Control
Dispute Resolution
Governing Law
Notices
Entire Agreement
Severability
Waiver
Amendment
Third Party Rights
Counterparts
Relevant Industries

Manufacturing

Retail

Healthcare and Pharmaceuticals

Automotive

Electronics

Fast-Moving Consumer Goods

Industrial Equipment

Food and Beverage

Chemical Industry

Aerospace and Defense

Relevant Teams

Legal

Supply Chain

Procurement

Operations

Logistics

Finance

Information Technology

Quality Assurance

Compliance

Risk Management

Warehouse Operations

Relevant Roles

Supply Chain Manager

Procurement Director

Operations Manager

Inventory Control Specialist

Logistics Manager

Commercial Director

Legal Counsel

Contract Manager

Chief Operating Officer

Warehouse Manager

Quality Assurance Manager

IT Systems Manager

Finance Director

Compliance Officer

Supply Chain Analyst

Industries
Civil Code of the Philippines (Republic Act No. 386): Fundamental law governing contracts, obligations, and commercial relationships between parties in the Philippines. Particularly relevant are Book IV on Obligations and Contracts, and Book V on Commercial Transactions.
Consumer Act of the Philippines (Republic Act No. 7394): Provides for consumer protection including provisions on quality and safety of products, which is relevant for inventory management and product standards.
Philippine Competition Act (Republic Act No. 10667): Ensures fair competition and regulates anti-competitive agreements and practices, which could affect exclusive supply arrangements or territorial restrictions.
National Internal Revenue Code: Governs taxation aspects of business transactions, including inventory valuation, transfer pricing, and VAT implications of supply arrangements.
Data Privacy Act of 2012 (Republic Act No. 10173): Regulates the collection, storage, and processing of personal and business data, relevant for information sharing aspects of inventory management.
Price Act (Republic Act No. 7581): Provides protection to consumers by stabilizing prices of basic necessities and prime commodities, which may affect pricing mechanisms in supply agreements.
Electronic Commerce Act (Republic Act No. 8792): Relevant for electronic transactions and records if the inventory management system involves digital platforms or electronic documentation.
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Multi Supplier Framework Agreement

A Philippine law-governed agreement establishing terms for multiple suppliers to provide goods/services under a single framework, with provisions for individual call-off contracts.

find out more

Non Disclosure Agreement For Suppliers

A Philippine law-compliant Non-Disclosure Agreement for protecting confidential information shared with suppliers, incorporating local legal requirements and enforcement mechanisms.

find out more

Supplier Managed Inventory Agreement

A Philippine law-governed agreement establishing terms for supplier-managed inventory at customer premises, including inventory management responsibilities and operational procedures.

find out more

Manufacturer And Supplier Agreement

A Philippine law-governed agreement establishing terms between manufacturers and suppliers for production and supply of goods, including quality standards and operational requirements.

find out more

Agreement Between Manufacturer And Seller

A Philippine law-governed agreement establishing terms between a manufacturer and seller for product production, supply, and distribution arrangements.

find out more

Contract Between Manufacturer And Buyer

A Philippine law-governed agreement establishing terms and conditions between a manufacturer and buyer for the production and purchase of goods.

find out more

Commercial Supplier Agreement

A Philippine law-governed agreement establishing terms and conditions for regular supply of goods/services between supplier and customer.

find out more

Vendors Agreement

A Philippine law-governed agreement establishing terms and conditions between a company and its vendor for the supply of goods or services.

find out more

Preferred Supplier Contract

A Philippine law-governed agreement establishing a preferential supply relationship between a buyer and supplier, setting terms for long-term supply arrangements and preferential pricing.

find out more

Agreement Between Supplier And Distributor

A Philippine law-governed agreement establishing the terms and conditions between a supplier and distributor for product distribution arrangements.

find out more

Retail Supplier Agreement

Philippine-law governed agreement establishing terms for supply of goods between supplier and retailer, including commercial terms and regulatory compliance requirements.

find out more

Product Supply Agreement Between Manufacturer And Buyer

A Philippine law-governed agreement establishing terms for product supply between manufacturer and buyer, including quality, pricing, and delivery requirements.

find out more

Contract For Supply Of Goods And Services

A Philippine law-governed agreement for the combined supply of goods and provision of services, establishing terms, specifications, and obligations between supplier and customer.

find out more

Agreement Between Customer And Supplier

A Philippine law-governed agreement establishing terms and conditions between a supplier and customer for the supply of goods or services.

find out more

Vendor Quality Agreement

A Philippine law-governed agreement establishing quality standards and compliance requirements between a company and its vendors, ensuring adherence to local regulatory requirements and industry standards.

find out more

Confidentiality Agreement For Vendors

Philippine-law compliant confidentiality agreement template for protecting company information shared with vendors, incorporating local data privacy requirements and civil law provisions.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.