Meeting notes — Calendar

Notetaker · 48 min

Meridian Drivetrain — rate-contract renewal, 2026-27

Tuesday, 18 August · 11 am · Meridian Drivetrain Ltd

shared with the 2 in the room

Summary

Meridian's purchase head opened the 2026-27 renewal with a second-half schedule four per cent higher and the three per cent price-down they ask of every supplier. Deepak committed to answering with a number by 31 August rather than a yes or a no. Payment terms stay at 60 days. Their quality head wants the hole-pitch corrective action in writing before the next audit.

Corto

Corto's summary of what the notetaker heard. Recorded on Priya's phone, on the table, with their purchase head's agreement. 5 of 6 lines heard clearly.

What was discussed

Second-half schedule up 4% on brackets and housings
Corto
A 3% price-down asked on renewal, standard across their supplier base
Corto
Payment terms: they will not move from 60 days to 45
Corto
Revised schedule confirmation and the IATF scope owed by Friday
Corto
Hole-pitch corrective action wanted in writing before the next audit
Corto

Decisions

What the room settled. It changes no record, and it is the first thing everyone forgets.

1
We answer the three per cent price-down with a number by 31 August, not with a yes or a no.
Cortoheard at line 3
Deepak
2
Payment terms stay at 60 days. They were not reopened and we do not reopen them.
Cortoheard at line 2
Deepak

Action items

What the notetaker heard is a task only once somebody who was in the room confirms it on the meeting page.

ActionOwnerDueWhere it stands
Send Meridian the revised schedule confirmation and the IATF scope
Cortoheard at line 5
Owner: Priya
Due: Friday
Waiting for Priya to confirm
Hole-pitch corrective action to Meridian SQA, in writing, before the next audit
Cortoheard at line 6
Owner: Shubhangi
Due: No date given
Held — not sure it was heard

Changes to records

What Corto would update because of this meeting. Nothing is written until it is confirmed on the meeting page.

Corto CRM · Meridian Drivetrain deal
annual rate contract renewal 2026-27 · negotiation
value ₹2,40,00,000 (schedule +4%) · next step: price-down answer by 31 Aug (Deepak)
To confirm
Corto CRM · Meridian Drivetrain deal
activity: 3% price-down asked; payment terms held at 60 days
To confirm

What we learned

What the company should not have to learn twice.

Meridian Drivetrain — how they buy
Annual rate contract, renewed each financial year. A price-down of 2-3% is asked for at every renewal as standard across their supplier base. Volume is committed as a half-yearly schedule; the second-half schedule for 2026-27 is up four per cent on brackets and housings. Payment terms 60 days.
Corto
Proposed for Documents

Open questions

Asked of somebody who was not in the room.

Priya, did you already log the price-down ask on the Meridian deal?
Corto
for Priya

What was said6 lines · the transcript Corto's lines came from

1Their purchase head opened with the volume: schedule up four percent for the second half, brackets and housings both.
2They want a three percent price-down on renewal, standard for their supplier base this year.
3Deepak said we would come back by the thirty-first with a number, not a yes or no.
4Payment terms stay at sixty days; they will not move to forty-five.
5Priya to send the revised schedule confirmation and the IATF scope by Friday.
6Their SQA head asked for the hole-pitch corrective action in writing before the next audit.71% — checked before anything is written