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