Store and Release Program
This program allows the customer to order a larger amount of product and take partial shipments from it over a 60 day period. Each partial shipment is invoiced and paid for individually. This program is ideal for customers with cash flow and warehouse space constraints who want a balanced inventory program that gives them better prices, storage benefits, immediate delivery and cash flow assistance.
Benefits
- Price breaks due to volume purchase
- Cash flow spread out over 90 days
- Warehouse space savings
- Zero lead time/just-in-time delivery
Program Conditions
- All new programs must have signed agreement forms from the customer, complete with ship dates and release quantities
- Account must be in good credit standing and have net 30 terms
- All product must be invoiced and shipped within 60 days of first shipment due date
- If product is not taken in full within 60 days, customer has the following choices:
- Take all remaining inventory and be invoiced in full
- Pay the outstanding balance and have the product warehoused at $15/skid/month
- If freight is prepaid by GLBC, the following conditions apply:
- Maximum of 3 shipments per order (ie. 0, 30, 60 days) and all additional shipments are FOB GLBC warehouse
- A minimum of 1 full skid per shipment applies.
