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 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
- The culture and language issues
A review of the significant cultural differences and attitudes toward trade and markets
- 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
Our mission is the development of potentials in individuals and organizations in emerging economies. We believe that economies develop when entities within it are performing to their highest potential.
People matter to us. We are committed to understanding our clients so that we can serve them better. Our ultimate goal is to foster mutually beneficial longterm relationships with each of our clients that is built on trust.
Our faculty members are experts within their fields, and are supported by a network of dynamic back-office staff. We actively encourage collaboration and knowledge sharing, recognizing that winning ideas come from collaborative thinking. With the wealth of knowledge within our teams and our collaborative ethos, we create an atmosphere that is conducive to learning for all our delegates.