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International Procurement Function

  /    /  International Procurement Function

Many corporations realize that in order to be successful and competitive, an expanded focus for this area is necessary. However, procurement activities on an international scale have unique considerations of which many of us may not be aware. Discusses several important developments in an effort to broaden our understanding in this area. Although somewhat diverse in nature, the underlying current is that the development of relationships is necessary in the international environment.

At the end of the course delegates will learn:

  • 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 roles of the WTO and GATT
  • The effect on the world trade system
  • The use of international standards
  • A review of the significant cultural differences and attitudes toward trade and markets
  • How different cultures trade
  • The use of agents
  • Currency
  • Logistics risk
  • Legal frameworks
  • Modes of transport
  • The role of freight forwarders, import brokers, agents, distributors and overseas representatives
  • The regulatory framework for international procurement
  • Practicalities of international procurement
  • The culture and language issues
  • International supply chain issues
Course Overview

Many corporations realize that in order to be successful and competitive, an expanded focus for this area is necessary. However, procurement activities on an international scale have unique considerations of which many of us may not be aware. Discusses several important developments in an effort to broaden our understanding in this area. Although somewhat diverse in nature, the underlying current is that the development of relationships is necessary in the international environment.

Course Objectives

At the end of the course delegates will learn:

  • 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
Course Outline
  • 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 roles of the WTO and GATT
  • The effect on the world trade system
  • The use of international standards
  • A review of the significant cultural differences and attitudes toward trade and markets
  • How different cultures trade
  • The use of agents
  • Currency
  • Logistics risk
  • Legal frameworks
  • Modes of transport
  • The role of freight forwarders, import brokers, agents, distributors and overseas representatives
  • The regulatory framework for international procurement
  • Practicalities of international procurement
  • The culture and language issues
  • International supply chain issues

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