Terms
of Trade Definitions
|
| Off
Invoice Discount
| A
percentage deducted from a supplier's invoice value to
enhance National Pharmacies' trading margin. Can be reflected
at the SKU level or as a deduction from the gross invoice
amount. |
|
| |
| Warehouse
Allowance
| Where
the product is held in our Distribution Centre, the cost
to distribute to National Pharmacies stores is expressed
as a warehouse allowance. This is an off invoice discount. |
|
| |
| Trade
Rebate
| Additional
funds provided by the supplier to National Pharmacies,
above and beyond product margin, to assist with the development
and implementation of category plans that support trading
profit. Deducted from statement on a monthly basis. |
|
| |
| Volume-based
Rebate
| Additional
funds provided by a supplier where additional growth/volume-based
sales targets are achieved. Payment as agreed by Category
Manager or Category Buyer and supplier. |
|
| |
| Ullage
| Additional
funds provided by a supplier that enables damaged stock
to be managed by National Pharmacies. No credits will
be processed against the supplier for damaged stock. |
|
| |
| Settlement
Terms
| National
Pharmacies standard Settlement Terms are as follows:
· 30 days from end of month statement
· 2.5% 14 days from date of statement |
|
| |
Terms
of Trade Additional Information
|
| Price
Rises
| No
price rises will be accepted in the period 1 November
and 31 January. A six (6) week lead time must be provided
when introducing price changes to National Pharmacies.
If a price increase is implemented within six weeks, a
claim will be raised and deducted from your next invoice.
Price rises will not be accepted for products on promotion
once the promotion submission form has been submitted
and accepted. |
|
| |
| Recall
Costs
| As
part of operating recalls, National Pharmacies will deduct
5% (of the wholesale value of the recalled product/s)
off the outstanding accounts payable total to cover costs
incurred with recalling products. |
|
| |
| Agreement
Changes
| Changes
to the agreement must be confirmed in writing to the appropriate
Category Manager or Category Buyer, once agreed. One (1)
month of notice must be given to action the changes. |
|
| |
| Freight
| All
goods are to be delivered FIS (Free Into Store). |
|
| |
| E.D.I.
| National
Pharmacies is able to place and accept order details electronically.
Please discuss this further with your Category Manager
or Category Buyer. |
|
| |
Additional
Trade Agreement Information for Optical
|
| Back
Orders
| No
back orders will be accepted. |
|
| |
| Stock
Returns
| It
is mutually agreed that slow moving stock can be returned
for credit. |
|
| |
| Warranties
| All
stock will have a minimum 12 month replacement warranty
on manufacturing faults. |
|
| |
| Delivery
/ Invoice
| All
stock to be delivered Free Into Store and be accompanied
by an invoice. |
