Annual Inventory Adjustment
It is our intent that distributors maintain a level of inventory of Fabco-Air products, sufficient to respond to their customers urgent requirements.
This requires that the inventory be as fresh as possible and attuned to each territory's requirements. To assist in this endeavor we offer an "Annual Inventory Adjustment" program, where once each 12 months you may return standard catalog items in exchange for items that better fill your territory requirements.
The following procedures apply:
- Only standard catalog items (no options) as described in our catalog qualify.
- Items with options, specials, obsolete designs, damaged items, or items over 12 months old will not be accepted.
- All items are subject to Fabco-Air inspection and acceptance. Rejected items will be returned with the exchange order.
- The Inventory Adjustment Form (FAB-17) must be submitted and approved prior to return shipment.
- You will be notified of approval and suggested revisions.
- All inventory adjustment items must be shipped in one prepaid shipment to Fabco-Air, Inc. in Gainesville, Florida.
- An exchange order with a minimum net value of 1.15 times the net value for the return ($100.00 list minimum) must accompany the Inventory Adjustment Form.
- The exchange order may consist of standard catalog items with or without options, or specials.
- The exchange order will be filled in one shipment to one destination on a non-rush basis only.
- Once the return items and accompanying exchange order are received, inspected, and approved, a credit memo will be prepared amounting to the net value of the return.
Inventory adjustment time frames are as follows:
Companies starting with A through E - Feb. 1 through March 15
Companies starting with F through P - May 1 through June 15
Companies starting with Q through Z - Aug. 1 through Sep. 15
Stocking branches are considered separately.
