International Procurement
- Introduction to international trading principles.
- Targeted at purchasers engaging in global supply chains.
- Focus on procurement's role in a global economy.
- Exploration of global market trends and trade.
- Examination of regulatory frameworks and practicalities in international procurement.
Overview
The International Procurement course is a 1-day program designed to introduce delegates to the fundamental principles of global trading. It covers topics such as the changing role of procurement in a global economy, trends in the global market, regulatory frameworks, practicalities of international procurement, cultural and language issues, and international supply chain challenges. The course is suitable for teams of purchasers looking to expand their engagement with international supply chains and procurement activities.
Who should attend
Purchasers
Course Content
Course duration: 1 Day
Course running order
International Procurement
The changing role of procurement in a globalising world economy
The use of off- shoring and sourcing from Low Cost Countries
The impact on procurement practice
The benefits and risks of international procurement
Trends in the global market
The globalisation of the international supply market
Globalisation of trade in the world
What is happening to different economic regions?
NAFTA, ASEAN, EU, OPEC
The regulatory framework for international procurement
The roles of the WTO and GATT
The effect on the world trade system
The use of international standards
Practicalities of international procurement
Incoterms
What are they?
Why do we need them?
How can we use them?
The culture and language issues
A review of the significant cultural differences and attitudes toward trade and markets
Hofsteds cultural matrix
How different cultures trade
International supply chain issues
The use of agents
Currency
Logistics risk
Legal frameworks
Modes of transport
The role of freight forwarders, import brokers, agents, distributors and overseas representatives
Course objectives
This programme will introduce delegates to the essential principles underpinning international trading
Who should attend?
Teams of purchasers that are beginning to engage more international supply chains and procurement activities
Duration / Fees
A 1-day single manned course
